JSW Cement IPO Fully Subscribed on Day 3: A Major Infra Play

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JSW Cement’s ₹3,600‑crore IPO received enthusiastic backing from investors, becoming fully subscribed on its third and final day of bidding, underscoring robust confidence in India’s infrastructure and housing growth story. The issue, comprising a ₹1,600‑crore fresh issue and a ₹2,000‑crore offer-for-sale, was priced between ₹139 and ₹147 per share. Despite a relatively modest grey market premium, hovering around ₹2‑4 (roughly 1.4%), analysts highlighted the long-term potential of JSW Cement, urging investors to subscribe for growth and value. The successful issue showcases investor optimism, backed by expectations of rising government infrastructure spending and a revival in housing demand, with cement demand forecasted to grow 6–7% annually through 2030.

With allotment slated for August 12 and listing expected on August 14, JSW Cement is poised for a smooth market debut, solidifying its position.

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