JSW Cement IPO: JSW Cement maker JSW Cement’s IPO is going to shut down today, it is the last day on Monday. The IPO of JSW Cement opened on Thursday, 7 August last week. The company’s IPO has been completely subscribed. However, it has not received the same support from investors, such as supported by the company. According to NSE data, this IPO has been subscribed to a total of 1.22 times on Monday by 12.40 pm. A good thing for the company is that this IPO has been completely subscribed to all different categories.
The company will raise Rs 3600 crore from IPO
JSW Cement is going to raise Rs 3600 crore from its IPO, for which a total of 24,48,97,958 shares will be issued. In this IPO, 10,88,43,537 fresh shares worth Rs 1600 crore will be issued and 13,60,54,421 shares worth Rs 2000 crore will be issued through OFS. JSW Group’s cement company has fixed a price band of Rs 139 to Rs 147 for shares with face value of Rs 10 under this IPO. Today, after the closure of the IPO, the shares can be allotted on Tuesday, August 12.
Gray market premium continues to fall
JSW Cement IPO will list on both major exchange BSEs and NSEs of the Indian stock market on Thursday, August 14. As we told you that JSW Cement IPO is not getting very good support from investors. Therefore, in the gray market, there is not much interest in the company’s shares. On Monday, JSW Cement shares are trading in the gray market with a premium of just Rs 3.5 (2.38 percent). Let us tell you that on August 4, its GMP price was the highest 19 rupees.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
Latest business news
