Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
JSW Cement's ₹4k cr IPO likely in Aug
Hindustan Times Gurugram
|July 19, 2025
MUMBAI: After finishing a slew of meetings with institutional investors in road shows, JSW Cement has finalised plans to launch its ₹4,000-crore initial public offering (IPO) in the first week of August, two people with knowledge of the development said.
The company will file an updated red herring prospectus (RHP) with the market regulator by this month-end, the people added on the condition of anonymity. It had filed a draft RHP (DRHP) last August.
“The company’s cement capacity stands at more than 20 million tonnes, and based on feedback from investors and bankers, it is likely to target a valuation of around ₹18,000-20,000 crore,” one of the persons cited above said.
Domestic and global investment banks such as JM Financial, Axis Capital, Jefferies India, Citigroup Global Markets India, DAM Capital, Goldman Sachs India, Kotak Mahindra Capital Company, and SBI Caps have been mandated to help the company with the IPO raise.
This story is from the July 19, 2025 edition of Hindustan Times Gurugram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Gurugram
Hindustan Times Gurugram
Signing up for the slop
Slop events are now in India. Pick-Me girls face off, Adityas are meeting up. But we need more than viral moments and jokes to build communities
3 mins
May 23, 2026
Hindustan Times Gurugram
Royal Challengers lose the game but top the standings
Ishan Kishan was in brilliant form but the holders did enough to finish the league stage in first place
3 mins
May 23, 2026
Hindustan Times Gurugram
Understanding reached on Ladakh: Civil bodies
Two civil society bodies in Ladakh said on Friday that they had reached an “-in-principle understanding” with the Centre over restoring democracy in the Union Territory and enacting special constitutional safeguards in talks that the administration described as “constructive” and leading to “forward movement”.
1 mins
May 23, 2026
Hindustan Times Gurugram
Polling for 24 RS seats on Jun 18
Biennial elections to fill 24 Rajya Sabha seats across 10 states will be held on June 18, the Election Commission announced on Friday, inaugurating a poll cycle where the National Democratic Alliance (NDA) will look to inch closer towards the two-thirds majority mark in the Upper House.
2 mins
May 23, 2026
Hindustan Times Gurugram
Husband surrenders in Bhopal dowry death case
On a day of swift developments in the death of former 32-year-old model-actor, Twisha Sharma, Bhopal police on Friday took custody of her husband, Samarth Singh, who was on the run for over a week, and the Madhya Pradesh high court ordered a second autopsy by an AIIMS Delhi team as requested by her family.
2 mins
May 23, 2026
Hindustan Times Gurugram
SC divided on UAPA bail, larger bench to weigh in
In an extraordinary institutional moment at the Supreme Court, a clash of judicial views between two coordinate benches over bail jurisprudence under the Unlawful Activities (Prevention) Act (UAPA) spilled into the open on Friday, with one bench formally asking the Chief Justice of India (CJI) Surya Kant to constitute a larger bench for an “authoritative resolution” of the law.
1 min
May 23, 2026
Hindustan Times Gurugram
The many tongues of a single story
Mahmood Farooqui’s Dastan-e-Guru Dutt combines anecdote and Hindi film history for a reinterpretation of the legendary auteur’s life
4 mins
May 23, 2026
Hindustan Times Gurugram
Rahane, the leader, does things his own way at KKR
Towards the end of another uneasy night, when the press conference room of Eden Gardens smelled faintly of sweat and impatience, Ajinkya Rahane smiled in the way unassuming leaders do when they know the joke is partly on them.
3 mins
May 23, 2026
Hindustan Times Gurugram
UAE joins Saudi Arabia, Qatar in urging Trump not to restart war
The United Arab Emirates has made a more concerted push for an end to the Iran war in recent days, joining Saudi Arabia and Qatar in urging US President Donald Trump to give negotiations a chance, according to several people familiar with the matter.
2 mins
May 23, 2026
Hindustan Times Gurugram
Come forward for talks: Manipur CM amid stirs
Manipur chief minister Yumnam Khemchand Singh on Friday said even if people have resentment against the government, they should not resort to blockades or shutdowns, as these only hit hard the daily wage earners and labourers.
1 min
May 23, 2026
Listen
Translate
Change font size