JSW Cement to hit mkts in Aug with ₹4,000 cr IPO

Firm to file updated RHP with Sebi by this month-end

- Sneha Shah & Gaurav Laghate

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.