Empowering Students for Academic and Professional Success with 'Pathway Towards Excellence'

A book titled "Pathway Towards Excellence" aims to enhance the skills of school students for their academic and professional lives. The book was released at Guhan Matric Higher Secondary School, and author Nicholas Francis drew inspiration from his experience as a soft skill and career development trainer. The book is intended to help students stay focused and develop their career goals in a digital age.

JSW Cement, a subsidiary of the JSW Group, is set to launch its Initial Public Offering (IPO) on August 7, 2025. The IPO, valued at ₹3,600 crore, will consist of a fresh issuance of shares worth ₹1,600 crore and ₹2,000 crore of shares being offered for sale by existing shareholders. The IPO will be available for subscription from August 7 to August 11 [1].

The IPO price band has been set at ₹139-147 per share, placing the company's valuation at ₹20,000 crore if priced at the upper limit. JSW Cement plans to allocate ₹800 crore from the proceeds to finance a new integrated cement facility in Nagaur, Rajasthan, with ₹520 crore designated for debt repayment and the remaining amount for general corporate needs [1].

The IPO process is being managed by a consortium of financial institutions, including JM Financial Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, DAM Capital Advisors Ltd, Goldman Sachs (India) Securities Pvt Ltd, Jefferies India Pvt Ltd, Kotak Mahindra Capital Company Ltd, and SBI Capital Markets Ltd [1].

On August 6, 2025, JSW Cement raised ₹1,080 crore from anchor investors, a day prior to the commencement of its IPO for public subscription. The anchor portion saw involvement from both domestic and international institutional investors, such as Nomura, the Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte, and Kuwait Investment Authority [1].

The grey market premium (GMP) for JSW Cement IPO shares is currently at ₹6, indicating a trend towards a decline. The estimated listing price of JSW Cement IPO shares is ₹153 apiece, which is 4.08% higher than the IPO price of ₹147 [1].

The IPO size was initially planned at ₹4,000 crore, but it was reduced to ₹3,600 crore due to current business needs and the desire to allow for future dilutions. The state of the cement industry at the time of the IPO announcement prompted the need for a larger amount of funds [1].

JSW Cement's IPO is expected to be a significant event in the Indian capital markets, providing insights into the company's growth prospects and the overall health of the cement industry.

References:
[1] https://www.livemint.com/market/ipo/jsw-cement-ipo-gmp-jsw-cement-ipo-review-jsw-cement-ipo-subscription-status-jsw-cement-ipo-buy-or-not-jsw-cement-ipo-11754536525830.html