JSW Cement IPO allotment is expected to be finalised tonight, August 12, after the issue received nearly eight times subscription. The Rs 3,600-crore public offering was open for subscription in the primary market from August 7 to 11.
JSW Cement IPO had a price band of Rs 139 - 147 per share, valuing the 17-year-old firm at Rs 20,000 crore at the upper end of the price range. Earlier, it mobilised Rs 1,080 crore from anchor investors.
Investors who applied for the initial share sale of the diversified JSW Group’s cement arm can check their allotment status on the official website of the registrar, KFin Technologies, using their application number or PAN. The status will also be available on the websites of the BSE and NSE.
JSW Cement IPO allotment date today: Steps to check share allotment status on KFin Tech
Step 1: Open the direct link to the registrar on this URL (https://evault.kfintech.com/ipostatus/).
Step 2: Select the IPO from the dropdown menu.
Step 3: Investors can check the allotment status by filling in details like PAN, Application number or Demat. Enter Captcha
Step 4: Press the Submit button
Step 5: The allotment status will be shown in the window.
JSW Cement IPO allotment status check on NSE
Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
Step 2: Select the company 'JSW Cement' by selecting Equity & SME IPO bid details
Step 3: Investors can check the allotment status by filling in details like their IPO Application number or PAN details after selecting company symbol.
Step 4: Press the Submit button
Step 5: The allotment status will be shown in the window.
JSW Cement IPO allotment status check on direct link of BSE
Step 1: Open the website of Bombay Stock Exchange (BSE).
Step 2: Click on 'Investors' option.
Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
Step 4: Click on 'Application Status Check'.
Step 5: Select Equity in the issue type.
Step 6: Fill in the required details including the 'Issue Name'.
Step 7: Enter PAN number and click on Search to view the status
JSW Cement IPO GMP Today News
According to market observers, the shares of JSW Cement are commanding a GMP of around 3 percent in the unregulated market. Investorgain quoted a GMP of Rs 5 for the shares of the company, indicating a listing premium of 3.4 percent.
The company will utilise proceeds worth Rs 800 crore to part-finance a new integrated cement unit at Nagaur, Rajasthan, and Rs 520 crore for payment of debt and the remaining funds for general corporate purposes.
Shares of JSW Cement will be listed on the BSE and NSE on August 14.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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