JSW Cement has launched a promotional campaign for its upcoming initial public offering, which may launch in Mumbai as early as next month.
JSW Cement’s senior management, including Parth Jindal, is engaging with institutional investors to assess interest and valuation, according to sources who requested anonymity due to the confidential nature of the information. The company might mop up around Rs 4000 crore from investors, said two of the people to Bloomberg.
Discussions are still in progress, and details like the timing and size could still be adjusted, they mentioned. A spokesperson for JSW Cement did not reply to a request for comment.
JSW Group, whose business spans from steel to energy to electric vehicles and infrastructure, has been seeking methods to unlock value at some of its businesses. The Group’s infrastructure firm, JSW Infrastructure Ltd., went public in late 2023.
JSW Cement may be preparing to enter a growing list of summer public offerings in India, following a larger-than-anticipated 50 basis points interest rate cut by the central bank last week. This action could encourage companies to accelerate their plans for going public.
