JSW Cement aims to launch Rs 4,000-crore IPO in Jan 2025
Cement

JSW Cement aims to launch Rs 4,000-crore IPO in Jan 2025

JSW Cement plans to launch its Rs 4,000-crore initial public offering (IPO) in January 2025, according to JSW Group chairman Sajjan Jindal. The Securities and Exchange Board of India (SEBI) had previously paused the IPO in September 2023.

The IPO will consist of two parts: a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore by existing shareholders. Under the OFS, AP Asia Opportunistic Holdings Pte. Ltd and Synergy Metals Investments Holding Ltd will each sell shares worth Rs 937.5 crore, while the State Bank of India (SBI) will divest shares valued at Rs 125 crore.

The company intends to use Rs 800 crore of the proceeds from the fresh issue to help finance the establishment of a new integrated cement plant in Nagaur, Rajasthan. An additional Rs 720 crore will be allocated for debt repayment, with the remaining funds earmarked for general corporate purposes.

JSW Cement, which currently has a manufacturing capacity of 19 million tons per annum (MTPA), aims to increase this to 60 MTPA. Its existing manufacturing units are located in Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha), and Dolvi (Maharashtra). Additionally, through its subsidiary Shiva Cement, the company operates a clinker unit in Odisha.

JSW Group has a diverse business portfolio spanning sectors such as steel, energy, maritime infrastructure, defense, B2B e-commerce, real estate, paints, sports, and venture capital. The group's last IPO was that of JSW Infra.

JSW Cement plans to launch its Rs 4,000-crore initial public offering (IPO) in January 2025, according to JSW Group chairman Sajjan Jindal. The Securities and Exchange Board of India (SEBI) had previously paused the IPO in September 2023. The IPO will consist of two parts: a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore by existing shareholders. Under the OFS, AP Asia Opportunistic Holdings Pte. Ltd and Synergy Metals Investments Holding Ltd will each sell shares worth Rs 937.5 crore, while the State Bank of India (SBI) will divest shares valued at Rs 125 crore. The company intends to use Rs 800 crore of the proceeds from the fresh issue to help finance the establishment of a new integrated cement plant in Nagaur, Rajasthan. An additional Rs 720 crore will be allocated for debt repayment, with the remaining funds earmarked for general corporate purposes. JSW Cement, which currently has a manufacturing capacity of 19 million tons per annum (MTPA), aims to increase this to 60 MTPA. Its existing manufacturing units are located in Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha), and Dolvi (Maharashtra). Additionally, through its subsidiary Shiva Cement, the company operates a clinker unit in Odisha. JSW Group has a diverse business portfolio spanning sectors such as steel, energy, maritime infrastructure, defense, B2B e-commerce, real estate, paints, sports, and venture capital. The group's last IPO was that of JSW Infra.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement