JSW Cement IPO Subscribed 0.56x

  Published 10 months ago

JSW Cement IPO received 0.56 times subscription, with bids for 10.19 crore shares against 18.12 crore on offer.

  • IPO includes Rs 1,600 crore fresh issue and Rs 2,000 crore offer for sale by existing shareholders.
  • Proceeds to fund new Rajasthan cement unit, debt repayment, and general corporate purposes.
  • The company runs 7 plants with 20.60 MMTPA grinding capacity, aiming to double capacity via expansions.

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