Bombay
: After completing a lot of meetings with institutional investors at road exhibitions, JSW cement has completed the launch plans £4,000 Crore The initial public offer (IPO) in the first week of August reported two people with knowledge of development.
The company will submit an updated prospectus with red verge (RHP) with the market regulator by the end of this month, people have added an anonymity condition. Last August he filed a proposal of RHP (DRHP).
“The company’s cement capacity is more than 20 million tonnes and based on the feedback from investors and bankers is likely to focus on the valuation around £18 000–20 000 crore, ”said one of the above.
Domestic and global investment banks such as JM Financial, Axis Capital, Jefferies India, Citigroup Global Markets India, Dam Capital, Goldman Sachs India, Kotak Mahindra Capital Company and SBI CAPS were commissioned to increase IPO.
According to DrHP filed in August, the SEBI market (Indian Securities and Stock Exchange Council) will see the JSW cement to combine a fresh problem and offer for sale or OFS. Half £The target of 4,000 crore will be through the release of fresh shares. Other £2,000 crore is planned through the OFS component, which is likely to participate in existing AP Asia Opmuninic Holding, Synergy Metals and SBI.
AP ASIA OPTION HOCKINGS PTE. LTD and Synergy Metals Investments Holding Ltd are ready to sell shares worth £937.5 crore each, while the state bank India (SBI) plans to sell shares worth £125 crore.
E -mail questions about JSW cement have not raised any answer until the press time.
The company said it will use new revenues to finance a new integrated cement unit in Nagaur, Rajasthan, repayment of selection loans and also for general corporate purposes.
After launching in 2009, JSW cement is the fastest growing cement company in India with the addition of capacity. With 20 million tonnes (MT) capacity is currently one of the top 10 cement manufacturers in the country in terms of installed capacity.
Its existing facilities are located in Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha) and Doll (Maharashtra). In addition, Skinker operates the Odisha unit through its subsidiary Shiva Cement.
The JSW cement is part of Sajjan Jindal-resorted JSW Group, which has steel, energy, infrastructure, automotive defense, electronic trade, real estate, colors and sports.
The consolidated income of the JSW cement stood £6 114.59 crore to 31. March 2024, of £5,982,20 crore in FY23, according to data from its scrub. But his profit after tax fell to £62 crore from £104.03 crore in the same period.
The Indian cement market is the second largest worldwide and is experiencing significant growth caused by the development of infrastructure and urbanization.
It is assumed that the market will reach 5.99 billion tonnes of FY32, according to the Indian Equity Brand Equity Foundation or Ibef foundation, Cagr (composed annual growth rate) is 4.7%. The key players include ultra -cement, zMuja cements, ACC and JSW cement.
(Tagstotranslate) JSW cement
