JSW Cement, led by Parth Jindal, is preparing to file draft papers with SEBI for a ₹4,000 crore IPO. This will be the first significant IPO in the cement sector since 2021.
The offering includes a fresh issue of ₹2,000 crore and an offer for sale of ₹2,000 crore, allowing partial exits for investors like Apollo Global and SBI. The company aims to raise funds to expand its production capacity to 60 million tonnes annually within five years. JSW's last public listing was JSW Infrastructure in October.