JSW Cement IPO Subscribed 0.29x on Day 1

  Published 10 months ago

JSW Cement’s IPO saw weak demand on Day 1 with 0.29x subscription against 18.12 crore shares on offer.

  • IPO size totals Rs 3,600 crore, including fresh issue of Rs 1,600 crore and OFS of Rs 2,000 crore by key investors.
  • Fresh issue funds to support new Nagpur unit, debt repayment, and general corporate needs.
  • The company reported a Rs 114 crore loss in FY25; it raised Rs 1,079.99 crore from anchor investors before the IPO launch.

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