JSW Cement's ₹4,000 Crore IPO Gets SEBI's Green Light

JSW Cement Limited, a prominent entity within the JSW Group, has secured approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering (IPO) aimed at raising ₹4,000 crore.

Key details of the IPO include:

  • Structure of the Offering: The IPO comprises a fresh issuance of shares totaling ₹2,000 crore and an Offer for Sale (OFS) amounting to ₹2,000 crore by existing investors.

  • Utilization of Proceeds:

    • ₹800 crore allocated for establishing a new integrated cement plant in Nagaur, Rajasthan.
    • ₹720 crore designated for repaying or prepaying certain outstanding debts.
    • Remaining funds earmarked for general corporate purposes.

  • Investor Participation in OFS: The OFS includes divestments by AP Asia Opportunistic Holdings Pte. Ltd. and Synergy Metals Investments Holding Ltd., each offering shares worth ₹937.5 crore, and the State Bank of India selling shares valued at ₹125 crore.

  • Financial Performance: In the fiscal year 2024, JSW Cement reported revenue of ₹6,028.10 crore and a profit of ₹62 crore.

  • Expansion Plans: The company aims to increase its installed grinding capacity from 20.60 million tonnes per annum (MTPA) to 60 MTPA, aligning with the anticipated growth in India's infrastructure sector

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