Will Jindal Cements’ IPO Challenge Adani and Birla | Paisa Live

In the cement sector, after Adani and Birla groups, the Jindal group is set to make its entry. Currently, the largest cement company in India is UltraTech Cement from the Birla group, while Ambuja Cement, along with ACC Limited, ranks second. To expand its business, JSW Cement plans to launch an IPO soon. Media reports suggest that JSW Cement might file its draft papers for the IPO in the coming days. The IPO will include 200 crore new shares and an offer for sale of up to 2,000 crore rupees. This will be the first major IPO in the cement sector since 2021, following Nirma Group's Novoco Vistas IPO of 500 crore rupees in August. JSW Cement had previously secured funds from global investors including Apollo Management, Synergy Metal Investment Holding Limited, and State Bank of India, with three investors planning to exit through this IPO.