The allotment of shares for JSW Cement’s ₹3,600-crore initial public offering (IPO) will be completed on Tuesday, August 12, 2025. The IPO, which opened for subscription on August 7 and closed on August 11, received robust demand from investors across categories after a slow start on the first day.
By the close of bidding, the public issue saw an overall subscription of 8.22 times. Demand from qualified institutional buyers (QIBs) was the strongest at 16.71 times, followed by non-institutional investors (NIIs) at 11.60 times, while the retail quota was subscribed 1.91 times.
How to Check JSW Cement IPO Allotment
Applicants can verify their allotment status through either the Bombay Stock Exchange (BSE) website or the portal of KFin Technologies, the IPO’s official registrar.
On the BSE website:
- Go to the IPO allotment status page.
- Select “Equity” under Issue Type.
- Choose “JSW Cement IPO” from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
On the KFin Technologies website:
- Navigate to the IPO status section.
- Select “JSW Cement IPO” from the dropdown list.
- Choose the preferred identification option — Application Number, Demat Account Number, or PAN.
- Specify the application type (ASBA or Non-ASBA).
- Fill in the required details, complete captcha verification, and click “Submit.”
Grey Market Premium (GMP) and Listing Outlook
As of August 11, the grey market premium for JSW Cement stood at ₹4. Based on the IPO’s upper price band of ₹147 per share, the implied listing price is around ₹151 — suggesting a potential listing gain of 2.72%.
Market analyst Gaurav Garg from Lemonn Markets noted that despite the GMP softening to the 3–4% range ahead of listing, the IPO’s strong subscription numbers indicate solid investor confidence. He advised that the stock may be more attractive as a long-term investment, given its rich valuations and short-term earnings challenges, but pointed to the company’s promising growth prospects in India’s infrastructure sector.
JSW Cement shares are scheduled to debut on both the BSE and NSE on August 14, 2025.
