JSW Cement IPO Allotment Status OUT Today: Heavy 8.2x Oversubscription, 3% Profit on Listing Likely

JSW Cement IPO allotment status has been announced today, August 12, after getting an exceptional investor response. This public offering, worth Rs. 3,600 crore from the JSW Group subsidiary, was oversubscribed 8.22 times on the final day of bidding with huge demand across retail, high-net-worth, and institutional investor segments. With the JSW Cement IPO GMP steady at around Rs. 4.5, market analysts anticipate a potential listing upside of nearly 3% when the shares debut on August 14.

JSW Cement IPO Subscription Status

The subscription window for the JSW Cement IPO was open from 7th to 11th August, where it was subscribed 8.22 times overall. The public issue was subscribed 1.91 times in the retail category, 16.71 times in QIB, and 11.60 times in the NII category by the end of the third day, August 11.

JSW Cement IPO GMP Today

Regardless of the oversubscription, JSW Cement IPO demand in the grey market remained quite muted. As per data from InvestorGain, the JSW Cement IPO GMP currently is Rs. 4.5 as of 3pm on Aug 12. Since the price band for the issue is Rs. 147, adding the GMP, the listing price could be Rs. 151 per share, which indicates a gain of 3% for the investors.

JSW Cement IPO Allotment Status: How to Check Online

Investors can check JSW Cement IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. Kfin Technologies is the JSW Cement IPO registrar.

Checking on the BSE Website

To verify your JSW Cement IPO allotment status through the BSE portal, follow these simple steps:

Step 1: Visit the official BSE website at https://www.bseindia.com.

Step 2: Click on the 'Investors' section from the top menu.

Step 3: Under the 'Investor Services' tab, select 'Status of Issue Application'.

Step 4: Choose 'Equity' as the issue type from the drop-down menu.

Step 5: Select 'JSW Cement' from the list of IPO names.

Step 6: Enter your PAN (Permanent Account Number) and click Search to view your allotment details.

The page will then display whether you have been allotted JSW Cement shares or not.

Checking on the NSE Website

To check the JSW Cement IPO allotment status via the NSE portal, follow these steps:

Step 1: Visit the official NSE IPO allotment page by clicking here.

Step 2: From the drop-down menu under Equity & SME IPO, select 'JSW Cement'.

Step 3: Enter your IPO application number or PAN (Permanent Account Number) as registered during the application process.

Step 4: Complete the captcha verification, if prompted, and click on Submit.

Your JSW Cement IPO allotment status will be displayed on the screen, showing whether you have been allotted shares or not.

JSW Cement IPO Allotment Status Check Kfin Technologies

Step 1] Visit the IPO registrar's website on this link - https://kosmic.kfintech.com/ipostatus/

Step 2] Choose 'JSW Cement Limited' in the Select IPO dropdown menu.

Step 3] Select either Application No., Demat Account, or PAN.

Step 4] Enter the details as per the option selected.

Step 5] Enter the Captcha code and click on Submit.

Your JSW Cement IPO allotment status will be displayed on the screen.

About JSW Cement

JSW Cement is one of India's fastest-growing cement manufacturers, with a strong presence across southern, eastern, and western India. Backed by the US$23 billion JSW Group, the company operates with a consolidated capacity of around 20.60 million metric tonnes per annum (MMTPA) through integrated plants, grinding units, and ready-mix facilities spread across Karnataka, Andhra Pradesh, West Bengal, Odisha, Maharashtra, and even a clinker unit in Fujairah, UAE.