JSW Cement has filed preliminary papers with the capital markets regulator SEBI to raise Rs 4,000 crore via initial public offering.
JSW Cement has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) for a ₹4,000 crore Initial Public Offering (IPO) on Friday, August 16, 2024. The JSW issue consists of a ₹2,000 crore fresh equity sale and a ₹2,000 crore offer for sale.
JSW Infrastructure IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for JSW Infrastructure IPO was finalized on Thursday, September 28, 2023. The shares got listed on BSE, NSE on October 3, 2023
JSW company presently operates manufacturing operations at units based at Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra.
JSW Cement is the sixth largest player in the segment led by Aditya Birla Group flagship firm UltraTech Cements
Adani aims to double production capacity to 140 million tonnes by 2028, while UltraTech aims for 200 million tonnes by 2027.
JSW Infrastructure IPO offers 235,294,117 shares. 70,588,236 (30.00%) to QIB, 35,294,118 (15.00%) to NII, 23,529,411 (10.00%) to RII 105,882,352 (45.00%) to Anchor investors. 186,741 RIIs will receive minimum 126 shares and 6,669 (sNII) and 13,338 (bNII) will receive minimum 1,764 shares
Mr. Sajjan Jindal and Sajjan Jindal Family Trust are the promoters of the company.
Share Holding Pre Issue | 96.42% |
Share Holding Post Issue | 85.61% |
About JSW Owner
according to Wikipedia Sajjan Jindal is an Indian billionaire industrialist. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.