JSW Cement lists 4% above IPO price in muted market debut
JSW Cement debuted at ₹153 on BSE, 4% above its ₹147 IPO price, before easing to ₹151.6. The ₹3,600 crore IPO was subscribed 7.77x, led by QIB demand. Proceeds will fund a new unit, debt repayment, and corporate needs. While backed by JSW Group, risks include FY25 loss, rising debt, and sector cyclicality.