JSW Cement’s ₹3,600 crore IPO was fully subscribed by the third day—an emphatic vote of confidence.
Demand outpaced supply at 1.22x, showing strong interest from both institutions and retail investor
s.
The IPO raised funds for a new cement plant in Rajasthan—signaling expansion amid rising demand.
Valued at about $2.3 billion, JSW is the latest infrastructure-focused success story.
Analysts link interest to India’s infrastructure boom and expected 6–7% annual cement
growth.
The listing planned on August 14 will be closely watched for listing-day pops.
Success reflects broader investor appetite for long-term, real-economy plays.
Limited exposure compared to giants like UltraTech—offers room to grow.
If demand stays buoyant, this IPO could set the tone for deals ahead.
JSW Cement’s IPO shows markets are still hungry for bricks-and-mortar
growth.