JSW Cement is set to launch a ₹4,000 crore IPO in July, marking its debut in the public markets amid India’s infrastructure boom.

The offering includes a ₹2,000 crore fresh issue to fund expansion—like a new unit in Nagaur, Rajasthan—and debt repayment, with the remaining ₹2,000 crore as an Offer for Sale. Backed by strong ESG credentials, JSW Cement boasts India’s lowest CO₂ emission intensity and promotes green cement via GGBS production. Despite a 40% profit dip in FY24 due to rising costs and structural changes, the firm remains among India’s top 10 cement producers. The IPO is positioned as a green proxy to India’s infra-led growth, appealing to both retail and institutional investors. Led by top bankers including Goldman Sachs and Kotak, the IPO reflects JSW Group’s broader strategy to scale and deleverage. Meanwhile, JSW One Platforms, the group’s B2B arm, also eyes an IPO in 18–24 months as it targets profitability.