JSW Cement Ltd made a strong entry into the stock market today, with its shares opening at a 4% premium. The stock, listed at **Rs 153** on the BSE, quickly climbed to **Rs 154.70**—a 5.23% jump from its issue price of **Rs 147**. Investors showed clear confidence in the company, marking a successful first day of trading.
This positive debut follows a robust response to JSW Cement’s IPO, which was subscribed **7.77 times** on the final day of the share sale. The IPO had a price band of **Rs 139-147 per share**, attracting significant interest from both institutional and retail investors. The company, part of the well-known JSW Group, raised **Rs 1,600 crore** through a fresh issue alongside an **Rs 2,000 crore Offer-For-Sale (OFS)**.
Where will the funds go? According to draft papers, **Rs 800 crore** will help finance a new integrated cement unit in **Nagaur, Rajasthan**, while **Rs 520 crore** will be used to pay down debt. The remaining amount will support general corporate activities, ensuring the company continues to grow sustainably.
The strong listing reflects investor optimism about JSW Cement’s expansion plans and its position within the competitive cement industry. With the new Rajasthan unit set to boost production capacity, the company is well-positioned to tap into rising infrastructure demands.
Market watchers are keeping a close eye on the stock’s performance in the coming weeks. If today’s momentum is any indication, JSW Cement could be one to watch in the materials sector.