JSW Cement is set to raise Rs 36 billion

JSW Cement is set to launch its initial public offering (IPO) to raise Rs 36 billion. The IPO comprises a fresh issue of 108.8 million equity shares aggregating to Rs 16 billion and an offer for sale (OFS) component of 136.1 million shares valued at Rs 20 billion. The price band for the issue is between Rs 139 to Rs 147 per share and will be open for subscription between August 7, 2025 and August 11, 2025. The proceeds up to Rs 8 billion will be utilised for establishing a new integrated cement unit, Rs 5.2 billion for repayment of outstanding debt, and the remaining for general corporate purposes.