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JSW Cement makes a weak stock market debut on Thursday, with its shares slipping into the red after listing at a subdued 4% premium.
JSW Cement IPO Listing.
JSW Cement IPO Listing: JSW Cement Ltd made a weak stock market debut on Thursday, with its shares slipping into the red after listing at a subdued 4% premium. On the NSE, JSW Cement’s shares were listed at Rs 153.5 apiece, which is a premium of 4.4% over its IPO issue price of Rs 147.
On the BSE, the stock was listed at Rs 153 per share, a premium of 4.08 per cent.
After the listing, the total market capitalisation of the JSW Group company stood at Rs 20,914.02 crore.
The Rs 3,600-crore IPO was open for public subscription between August 7 and August 11. It received an 8.22x subscription, garnering bids for 1,40,88,35,016 shares as against the 17,14,28,574 shares on offer. The retail and NII participation stood at 1.91x and 11.60x, respectively. The QIB category received a 16.71x subscription.
JSW Cement IPO Listing: Should You Buy, Sell Or Hold?
Though the IPO saw a subdued premium, JSW Cement’s synergies with the JSW Group, strategic plant locations, GGBS focus, capacity expansion, efficient distribution network, and alignment with India’s sustainable infrastructure push position it for long-term profitability.
“Based on annualised FY25 earnings, a post-issue market capitalisation of about Rs 20,041.5 crore, and at the upper price band of Rs 147, the offer is valued at around 36.7 times post-IPO EV/EBITDA (FY25), making it appear aggressively priced. We believe JSW Cement’s synergies with the JSW Group, strategic plant locations, GGBS focus, capacity expansion, efficient distribution network, and alignment with India’s sustainable infrastructure push position it for long-term profitability. Therefore, investors may consider holding the stock for the long term post listing,” said Narendra Solanki, head of fundamental research (investment services) at Anand Rathi Shares and Stock Brokers, according to Moneycontrol.
As of March 31, 2025, JSW Cement’s total borrowings stood at Rs 6,166.6 crore. On the financial front, the company’s revenue from operations for FY25 stood at Rs 5,813.1 crore against Rs 6,028.10 crore in FY24, and Rs 5,836.72 crore in FY23. The company reported a loss of Rs 163.77 crore in FY25. Its profit was Rs 62 crore in FY24 and Rs 104 crore in FY23.
As of March 31, 2025, JSW Cement had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA).
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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