JSW Cement Limited has announced a ₹3,600 crore Initial Public Offering (IPO), marking one of the largest fundraises in the Indian cement industry in recent times. The offering comprises a fresh issue of ₹1,600 crore and an offer for sale worth ₹2,000 crore by existing shareholders.
According to Vivek Ranva’s analysis, the net proceeds will be primarily utilised for debt repayment and capital expenditure on setting up a new integrated cement unit, strengthening JSW Cement’s production capacity and long-term growth outlook.
Legal Advisors on the Deal
- Khaitan & Co advised JSW Cement. The transaction team included Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Aayush Mohata (Partner), and senior associates Johann Valladares, Sarjana Das, Reshmi Prabhakar, and Sairandhri Nawale.
- Trilegal represented the book-running lead managers including JM Financial, Axis Capital, Citigroup, DAM Capital, Goldman Sachs, Jefferies, Kotak Mahindra Capital, and SBI Capital Markets. The team was led by Partner Richa Choudhary with support from multiple counsels and associates.
JSW Cement, part of the JSW Group, is among the fastest-growing cement manufacturers in India. The company also successfully raised funds in its 2024 IPO.
Written by: Vivek Ranva
Source : Khaitan, Trilegal act on JSW Cement ₹3,600 crore IPO
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