IPO Allotment Status Today for JSW Cement: Discover if You're Among the Successful Applicants Following the Impressive 7.7x Subscription - Verify Online Immediately
The much-anticipated JSW Cement Initial Public Offering (IPO) concluded on August 11, 2022, and investors are now eagerly waiting to find out if they have been allotted shares. Here's a step-by-step guide on how to check your allotment status on three different platforms: BSE, NSE, and KFin Technologies.
1. BSE Website
- Visit the BSE IPO allotment status page.
- Select "Equity" as the Issue Type.
- From the dropdown, choose "JSW Cement Ltd."
- Enter your PAN or Application Number.
- Complete the captcha verification.
- Click on "Search" to view your allotment status.
2. NSE Website
- Navigate to the NSE website and look for "Equity & SME IPO Bid Details" or search for "NSE IPO allotment status."
- Select "JSW Cement" from the list of IPOs.
- Enter your PAN and Application Number.
- Submit to check the status.
3. KFin Technologies Portal
- Visit KFin Technologies' IPO allotment status page.
- Select "JSW Cement" from the dropdown menu.
- Choose an ID verification method: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
- Enter the corresponding detail.
- Complete the captcha and click “Search” or “Submit.”
- Your allotment status along with the number of shares allotted (if any) will be displayed.
The allotment process for the JSW Cement IPO is expected to be finalized on August 12, 2022. After checking any one of these platforms with your relevant details, you will know whether you were allotted shares in the JSW Cement IPO.
The JSW Cement IPO, part of the JSW Group, was priced in a Rs 139 to Rs 147 per share range. A total of Rs 3,600 crore was raised from the IPO, with Rs 1,600 crore coming from the fresh issue component. The offer for sale by existing shareholders amounted to Rs 2,000 crore.
The proceeds from the IPO will be used to fund a new integrated cement unit in Nagaur, Rajasthan, and for general corporate purposes. The IPO was managed by Axis Capital, Kotak Mahindra Capital Company, ICICI Securities, HSBC Securities and Capital Markets, and IIFL Securities, who served as the book-running lead managers.
Interestingly, qualified institutional buyers (QIBs) bid 15.80 times their reserved quota for the IPO, while retail investors' portion was subscribed 1.81 times. Non-institutional investors (NIIs) showed a significant interest as well, with a subscription of 10.97 times.
On August 14, 2022, JSW Cement shares are scheduled to debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company sold 7.09 million tonnes of cement and 5.2 million tonnes of GGBS in FY25, operating at 63% grinding capacity and 84% clinker capacity. Investors needed to apply for at least 102 shares to participate in the IPO.
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