JSW Cement is likely to launch its Initial Public Offering in next few weeks. The company will be hosting the IPO road show in Mumbai on August 4 ahead of the IPO launch.
The JSW Cement’s key leadership team comprising Parth Jindal, Managing Director, Nilesh Narwekar, Chief Executive Officer and Narinder Singh Kahlon, Chief Financial Officer, will take part in the IPO roadshow.
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JSW Cement IPO is likely to be launched in early August. The company is expected to announce the price band and issue in the coming weeks.
The JSW Group company filed the IPO papers with the market regulator Securities and Exchange Board of India (SEBI) on August 16, 2024 and received the necessary approvals in January this year.
JSW Cement IPO size
As per the Draft Red Herring Prospectus (DRHP) filed by the company last year, the total size of JSW Cement’s IPO will be Rs 4,000 crore. The offer will comprise a fresh issue worth Rs 2,000 crore and an offer for sale aggregating Rs 2,000 crore.
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According to the DRHP, a couple of key stakeholders in JSW Cement are offloading their shares in the proposed IPO of the company. First, AP Asia Opportunistic Holding will be offloading shares worth Rs 937.5 crore.
Another major investor, Synergy Metals Investment Holding, will also sell shares worth Rs 937.5 crore. The State Bank of India is also selling its shares in the company, worth Rs 125 crore.
JSW Cement IPO Objectives
IPO will be used partially to finance the cost of establishing a new integrated cement unit at Nagaur, Rajasthan. The estimated amount for this is about Rs 800 crore. However, this will not be spent in one go. It will be spent in tranches between FY26-FY27.
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