Mumbai: JSW Cement Ltd, one of India’s leading green cement producers and part of the highly diversified JSW Group, today listed on the stock exchanges post the successful IPO that garnered 7.77 times subscription on the closing day of share sale. The IPO had a fresh issue of Rs 1,600 crore of shares and Rs 2,000 crore of shares through Offer-For-Sale (OFS).
According to the RHP, the company will utilise proceeds worth Rs 800 crore to part-finance a new integrated cement unit at Nagaur, Rajasthan, and Rs 520 crore for payment of debt and the remaining funds for general corporate purposes.
JSW Cement is among the top 10 cement companies in terms of installed capacity and sales volume as of March 31 2025. The installed grinding capacity of the company grew at a CAGR of 12.42% and sales volume (excluding JSW Cement FZC) grew at a CAGR of 15.05%, which is faster than the industry average CAGR of 6.23% for installed capacity and 8.12% for sales volume during the said period, according to the CRISIL Report.
JSW Cement is also India’s largest manufacturer of ground granulated blast furnace slag (“GGBS”) and has a proven track record of scaling up this business. The company is also India’s single largest manufacturer of GGBS, with a market share in terms of GGBS sales of approximately 84.00% in Fiscal 2025. Also, contribution of GGBS Volume Sold as a percentage of Total Volume Sold increased from 36.67% in FY23 to 40.57% in Fiscal 2024 and 41.03% in FY25.
Further, the strategically located plants of the company are well-connected to raw material sources and key consumption markets in the southern, western and eastern regions of India.
Also, the company had a track record of the lowest carbon dioxide emission intensity among its peer cement manufacturing companies in India and the top global cement manufacturing companies. Aligning with the Group’s commitment to towards sustainability, JSW Cement focuses on manufacturing sustainable products. This approach gives them the distinction of having a clinker to cement ratio of 50.13%, which is lower than peer average of 66.43 % in fiscal 2024.
