JSW Cement IPO Allotment Finalized, All Eyes on Listing Day
The much-anticipated Initial Public Offering (IPO) of JSW Cement, a subsidiary of the JSW Group, has successfully concluded its allotment process. The IPO, which was open for subscription from August 7 to August 11, saw a solid response from investors, with a total subscription of 8.22 times.
The IPO, which aimed to raise ₹3,600 crore, comprised a fresh issue of ₹1,600 crore and an Offer for Sale (OFS) of ₹2,000 crore. The price band for the issue was set between ₹139 and ₹147 per share.
How to Check Allotment Status
With the allotment now finalized, investors who applied for the IPO are eagerly waiting to check their status. There are two primary ways to do this:
- Through the Registrar’s Website (Kfin Technologies):
- Visit the official IPO allotment page of Kfin Technologies.
- Select “JSW Cement” from the dropdown menu.
- Enter your PAN, application number, or DP/Client ID.
- Click “Search” to view your allotment status.
- Through the BSE Website:
- Visit the BSE’s IPO allotment verification page.
- Select “Equity” and then “JSW Cement” from the dropdown menus.
- Enter your application number and PAN.
- Click “Search” to check your status.
Grey Market Premium (GMP) and Listing Expectations
The Grey Market Premium (GMP) for JSW Cement has been showing some volatility. After opening at a high of around ₹19, the GMP has cooled down significantly, currently hovering around ₹4.5. This suggests a potential listing gain of approximately 3% over the issue price of ₹147 per share.
While the GMP is an unofficial indicator and not a guaranteed predictor of the listing price, it provides a glimpse into market sentiment. Despite the moderate GMP, the strong overall subscription, particularly from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), indicates a healthy demand for the company’s shares.
Next Steps and Listing Date
For applicants who have been allotted shares, the funds will be debited from their accounts and the shares will be credited to their demat accounts today, August 13. Refunds for unallotted applications will also be initiated on the same day.
The shares of JSW Cement are scheduled to be listed on both the BSE and NSE on Thursday, August 14, 2025. Market analysts will be closely watching the stock’s performance on its debut to see if the listing lives up to the expectations of the grey market.