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JSW Cement IPO Opens at ₹139-147 Price Band Amid Strong Institutional Interest
JSW Cement IPO Opens at ₹139-147 Price Band Amid Strong Institutional Interest
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BTCCSquare news:
JSW Cement's ₹3,600-crore initial public offering began subscription today, priced at ₹139-147 per share. The IPO structure allocates 50% to qualified institutional bidders, 15% to high-net-worth individuals, and 35% to retail investors.
The offering includes a fresh issue of 10.88 crore shares (₹1,600 crore) and an OFS component of 13.61 crore shares (₹2,000 crore). Proceeds will fund expansion in Rajasthan and debt repayment, with anchor investors including sovereign wealth funds and global financial institutions committing ₹1,080 crore.
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