Jindal plans ₹4,500 crore IPO for JSW Cement in 2020
6 years, 1 month ago

Jindal plans ₹4,500 crore IPO for JSW Cement in 2020

Live Mint  

Mumbai: The Sajjan Jindal-run JSW Group is planning to divest a quarter of the promoter holdings in its cement business through a public issue of around ₹ 4,500 crore by 2020. JSW Cement is on an aggressive expansion plan to take annual installed capacity to 20 million tonne by 2020 from the present 12.8 mt, which will reach 14 mt by March 2019. “JSW Cement is targeting ₹ 18,000 crore enterprise valuation by the time of the proposed IPO through which the promoters plan to dilute 25 percent of their holding,” the chief executive Nilesh Narwekar said. “Once we reach the target capacity of 20 mt, we will later aspires to go for the IPO with a view to unlock the real value of the business,” Narwekar said, adding currently the promoters own the entire stake in JSW Cement. During the second quarter of, JSW Cement recorded 63 per cent volume growth while industry average was 22 percent in the markets it operates, he said.

Plan Capacity Ipo Cement Jsw Narwekar 20 Mt Jsw Cement  mt  jsw  capacity  plans  crore  jindal  ipo  20  4500  growth  cement  reach  plan  2020

History of this topic

JSW Cement gets Sebi nod for Rs 4,000 crore IPO
1 day, 1 hour ago

JSW Cement gets Sebi nod for Rs 4,000 crore IPO

New Indian Express  

MUMBAI: JSW Cement has finally received the regulatory approval to float a Rs 4,000 crore initial share sale plan. The Sebi had kept the issuance of observations on draft papers of JSW Cement in abeyance since September reportedly for alleged violations of inter-se transfer of investments held by Hexa Securities and Finance Co, in which several Jindal family members, including …

JSW Infra is in good stead on rising third party mix, capex
3 weeks ago

JSW Infra is in good stead on rising third party mix, capex

Live Mint  

In recent years, JSW Infrastructure Ltd has demonstrated significant success in raising the share of third-party cargo to 48% in H1FY24 from 25% in FY21. The net cash positive status at September-end, improving cashflow and potential equity dilution should help JSW Infra meet funding needs. This is aligned with expansion projects at JSW Steel Ltd’s Dolvi plant, as existing ports …

JWS Infra to spend Rs 30,000 crore by FY30 to expand cargo-handling capacity to 400 MTPA
3 weeks, 6 days ago

JWS Infra to spend Rs 30,000 crore by FY30 to expand cargo-handling capacity to 400 MTPA

New Indian Express  

India’s second-largest private port operator - JSW Infrastructure – said on Thursday that it aims to expand its cargo-handling capacity to 400 million tonnes per annum by FY30. It holds a cargo handling capacity of 627 MTPA, with an estimated capital expenditure of around Rs 50,000 crore planned for further expansion. JSWIL acquired a majority stake in Navkar for Rs …

Rekha Jhunjhunwala-backed Baazar Style Retail may launch IPO this week: Report
4 months, 3 weeks ago

Rekha Jhunjhunwala-backed Baazar Style Retail may launch IPO this week: Report

Hindustan Times  

Rekha Jhunjhunwala-backed Baazar Style Retail is reportedly launching its initial public offering this week. The company had filed its draft red herring prospectus in May this year as per which the proposed IPO comprises a fresh issue of equity shares worth ₹185 crore and an offer for sale of up to 1.68 crore shares by promoter group entities and other …

JSW Steel net plunges 64 per cent to Rs 867 crore; shares tank 4.5 per cent
5 months, 3 weeks ago

JSW Steel net plunges 64 per cent to Rs 867 crore; shares tank 4.5 per cent

New Indian Express  

Leading steel maker JSW Steel's net income tanked 64 per cent to Rs 867 crore despite lower raw material costs that led to a marginal increase in revenue, due to weaker realisation from exports and strong competition from Chinese steel. The massive plunge in the bottom line and overall poor set of numbers sent its stocks plunging by over 4.5 …

JNK India IPO: Check date for public subscription, price band and more
8 months, 3 weeks ago

JNK India IPO: Check date for public subscription, price band and more

Hindustan Times  

The stock markets may not have done very well last week, but there will be no let up in the action in the initial public offering sphere with a number of new issues set to make their debut. * JNK India is coming into the market with a ₹650-crore initial public offering * JNK India IPO price band is in …

JG Chemicals IPO last day: Subscription, GMP, review. Should you apply?
10 months, 1 week ago

JG Chemicals IPO last day: Subscription, GMP, review. Should you apply?

Hindustan Times  

JG Chemicals IPO: The initial public offering for JG Chemicals opened for subscription on March 5. Check all details here JG Chemicals IPO: Subscription status On the second day of the IPO, the subscription status was 6.40 times, as per BSE data while the retail investors portion has been subscribed 8.32 times, Non Institutional Investors portion 9.64 times, and Qualified …

IPO Frenzy: 139 SMEs Raise Rs 3,540 Crore Via Public Issue In 2023 So Far
1 year, 2 months ago

IPO Frenzy: 139 SMEs Raise Rs 3,540 Crore Via Public Issue In 2023 So Far

ABP News  

Small and Medium Enterprises received great interest in their initial public offerings this year due to robust participation from family offices along with high-net-worth individuals, adequate market liquidity, and strong investor sentiments. So far in 2023, 139 SMEs have raised Rs 3,540 crore through issue sales, data from primedatabase.com revealed. He added, “Going by the industry data, a total of …

JSW Infra IPO listing date today. GMP, experts predict strong debut of shares
1 year, 3 months ago

JSW Infra IPO listing date today. GMP, experts predict strong debut of shares

Live Mint  

JSW Infrastructure IPO: Listing date of initial public offering of JSW Infrastructure Limited has been fixed on 3rd October 2023. JSW Infrastructure IPO listing price prediction Speaking on expecting JSW Infrastructure IPO listing price, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "JSW Infrastructure Limited has strong fundamentals and it has reported strong balance sheet as well. Asked …

Why JK Cement can’t rest on Q1 laurels
2 years, 4 months ago

Why JK Cement can’t rest on Q1 laurels

Live Mint  

The availability of low-cost inventory saved the day for JK Cement Ltd in the June quarter. “Increased diversification in central India, attractive regional prices, and demand growth prospects make the expansion project value-accretive," said analysts at Kotak Institutional Equities. However, after the recent run-up in the stock’s price, valuation has become expensive, especially given the weak performance of its white …

Stocks to Watch: Reliance Industries, M&M, LIC, Coal India, BPCL, Jindal Steel
2 years, 7 months ago

Stocks to Watch: Reliance Industries, M&M, LIC, Coal India, BPCL, Jindal Steel

Live Mint  

NEW DELHI: Following are the stocks that could be in focus on Monday: Reliance Industries: The Indian government has lost its appeal in an English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd. and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. Coal India: The …

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021
5 years, 10 months ago

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021

Firstpost  

JSW Cement hopes to ramp up its capacity further to 30 mtpa after going public with the addition of 5 mtpa each in Rajasthan and Chhattisgarh. Mumbai: JSW Cement plans to invest around Rs 2,000 crore to achieve the target of 20 million tonne annual capacity by December 2020, a top company official said. “With the commissioning of enhanced capacity …

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