The ₹3,600 crore initial public offering of JSW Cement Ltd, a key player in India’s green cement space, has officially closed—and today, August 12, marks the likely allotment date. With investor anticipation running high, the spotlight now shifts to share allotment status, grey market premium trends, and what lies ahead for this high-profile listing.
Here’s your real-time, 600-word update on everything you need to know.
Latest developments at a glance:
- JSW Cement IPO allotment date is expected today, August 12
- Shares will be credited to successful bidders’ demat accounts on August 13
- Refunds for non-allottees will also be processed on August 13
- Listing date confirmed for August 14 on both BSE and NSE
- Current GMP stands at ₹4.25, indicating a modest 2.89 percent premium over issue price
IPO overview: Strong demand across investor categories
The IPO, open from August 7 to August 11, was a mix of fresh issue and offer-for-sale:
- Fresh issue: ₹1,600 crore (10.88 crore equity shares)
- Offer-for-sale: ₹2,000 crore (13.61 crore equity shares)
- Price band: ₹139 to ₹147 per share
- Lot size: 102 shares (₹14,994 minimum investment at upper band)
Subscription status:
- Overall: 7.77 times
- Qualified Institutional Buyers: 15.80 times
- Non-Institutional Investors: 10.97 times
- Retail Investors: 1.81 times
GMP update: A tempered premium
The grey market premium for JSW Cement IPO is currently ₹4.25 per share. This suggests an estimated listing price of ₹151.25, which is 2.89 percent above the upper issue price of ₹147. While not explosive, the GMP reflects cautious optimism amid broader market volatility.
GMP trend over the past week:
- August 5: ₹19
- August 7: ₹13
- August 10: ₹5
- August 12: ₹4.25
Use of proceeds
JSW Cement plans to deploy IPO funds as follows:
- ₹800 crore for a new integrated cement unit in Nagaur, Rajasthan
- ₹520 crore for debt repayment
- Remaining for general corporate purposes
How to check your allotment status online
Investors can check their allotment status via three official portals:
1. Kfin Technologies (Registrar)
- Visit the IPO status page
- Select JSW Cement Limited from the dropdown
- Enter PAN, application number, or demat account details
- Submit captcha and click Search
2. BSE India
- Go to the BSE allotment status page
- Choose Equity as issue type
- Select JSW Cement Limited
- Enter PAN or application number
- Verify and click Search
3. NSE India
- Access the IPO bid verification page
- Select Equity and SME IPO bids
- Choose JSW Cement Limited
- Enter PAN and application number
- Click Submit
What happens next
- August 13: Shares credited to demat accounts; refunds initiated
- August 14: Listing on BSE and NSE
- Investors can sell allotted shares on listing day
Conclusion: Cementing investor interest
JSW Cement’s IPO has drawn strong institutional interest and decent retail participation, despite a cooling GMP. With allotment status expected today and listing just two days away, investors are watching closely to see if the stock delivers on its modest premium or surprises with a stronger debut.
Sources: Mint, CNBC-TV18, Financial Express, IPOWatch, IPOWiz
