JSW Cement IPO : Check Open Date, Price, Lot Size & Details

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to ₹40,000 Million

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

About JSW Cement Limited

JSW Cement Limited is recognised as the fastest-growing cement manufacturing company in India, particularly in terms of installed grinding capacity and sales volume from Fiscal 2014 to Fiscal 2024. The company achieved an impressive compound annual growth rate (CAGR) of 14.14% in installed grinding capacity and 19.06% in sales volume during this period, outpacing the industry averages of 7.31% and 7.56%.

As of March 31, 2024, JSW Cement Limited had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA) across India, with significant expansion plans to reach 40.85 MMTPA. The company is a leader in green cement production, focusing on eco-friendly products like ground granulated blast furnace slag (GGBS), which constituted 80.68% of its sales volume in Fiscal 2024. With a lower clinker-to-cement ratio than industry peers, JSW Cement demonstrates a commitment to sustainability, reflected in its carbon dioxide emission intensity, which was significantly lower than both Indian and global peers in Fiscal 2024.

JSW Cement operates seven plants across India, strategically located near limestone mines and steel plants to ensure cost-effective operations. The company's distribution network, as of March 31, 2024, includes 5,043 dealers and 10,412 sub-dealers, serving a wide range of customers across India. The company's growth and success are strengthened by its association with the JSW Group, providing access to essential raw materials and power.

Industry Outlook:

The Indian cement industry is expected to grow at a CAGR of 5-6% from 2024 to 2028, driven by infrastructure projects and urbanisation. This growth will provide JSW Cement with opportunities to expand its market share and increase revenue.
The demand for eco-friendly cement is projected to rise by 20% annually as construction companies aim to reduce carbon footprints. JSW Cement, with its focus on green products, is well-positioned to benefit from this trend.
The industry is likely to see a capacity expansion of 80-100 million tonnes by 2025. JSW Cement can capitalise on this by enhancing its production capabilities to meet future demand.

JSW Cement IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

₹8,000 million will be used to partially fund the development of a new integrated cement plant in Nagaur, Rajasthan.
₹7,200 million will go towards repaying or settling existing debts.
The remaining part of the proceeds will be allocated for general corporate purposes.

Peer Details

As per DRHP, the following are the listed companies in India engaged in a business line similar to JSW Cement Limited:

UltraTech Cement Limited
Ambuja Cements Limited
Shree Cement Limited
Dalmia Bharat Limited
JK Cement Limited
The Ramco Cements Limited
India Cements Limited

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Contact Details of JSW Cement IPO

Registered office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4286 3115
E-mail: secretarial.jswcl@jsw.in

IPO Financials

Particulars	Year ending on March 31, 2024	Year ending on March 31, 2023	Year ending on March 31, 2022
Revenue From Operations (in ₹ million)	60,281.03	58,367.24	46,685.70
Profit After Tax (PAT) (in ₹ million)	620.13	1,040.38	2,326.49
Cash & Cash Equivalents (in ₹ million)	1,181.60	511.34	1,648.33
Net Worth (in ₹ million)	24,646.81	22,921.00	21,306.53
EBITDA (in ₹ million)	10,356.56	8,269.65	9,510.60
Return on Capital Employed (RoCE) (%)	11.08	6.46	8.57
Return on Equity (ROE) (%)	4.66	6.87	13.18

Know before investing

Strengths

JSW Cement is India’s fastest-growing cement maker, with top rankings in capacity and sales increases.
JSW Cement leads India in GGBS production, dominating with an 82.70% market share.
The company’s plants are optimally located for cost-effective sourcing and distribution.
JSW Cement has the lowest CO₂ emissions in the industry, focusing on sustainable, by-product use.
The company enjoys a wide sales network and uses digital marketing and influencer programs to drive demand.
The company leverages JSW Group’s scale for better raw material access and competitive shipping rates.

Risks

JSW Cement's operations depend on securing adequate limestone. Any supply issues could harm the company's financial health.
JSW Cement relies heavily on JSW Steel for blast furnace slag, which constitutes 90.93% of their total consumption.
JSW Cement’s operations require stable power and fuel supplies. Any interruptions could adversely affect operational efficiency.
JSW Cement must maintain high plant utilisation levels. Failing to do so may impact future growth and financial performance.
The Securities and Exchange Board of India has issued notices to JSW Cement’s promoters. Negative outcomes could damage the company's reputation.
JSW Cement does not own the JSW trademark. Any reputational damage to the trademark or JSW Group could affect the company’s financial stability.