The company will launch its initial public offering on Monday to raise up to Rs 820 crore in fresh issue and with an offer for sale of up to 1.39 crore shares. The company has set a price band of Rs 492 to Rs 517 per share for its three-day IPO. The minimum application lot size is 14 shares.

The offer, which concludes on Friday, is set to list on the BSE and the National Stock Exchange.

JSW Cement will utilise Rs 800 crore from the fresh issue to partly finance a new integrated cement unit at Nagaur, Rajasthan, and Rs 520 crore for repayment of debt.

The company will use proceeds from the IPO to fund working capital requirements and for general corporate purposes.

The company reported a net loss of Rs 221.84 crore in FY25, compared to a net loss of Rs 142.24 crore in FY24. Its revenue increased 39.8% year-on-year to Rs 1,770 crore in FY25 from Rs 1,265.84 crore in FY24. Ebitda rose 37.9% YoY to Rs 73.16 crore in FY25 from Rs 53.05 crore in FY24.