IPO Guru
Bajaj
Listed Mainboard

JSW Cement IPO Subscription Status

JSW Cement IPO was subscribed 8.22 times when bidding closed on 11 Aug 2025: QIB 16.71x, NII 11.6x, Retail 1.91x.

The JSW Cement IPO has been subscribed 8.22x times overall. Retail investors have shown interest with bids for 1.91x the shares available. The Non-Institutional Investor (NII) category has been subscribed 11.6x. Within NII, Big HNI (B-HNI) subscribed 13.29x and Small HNI (S-HNI) subscribed 8.24x. Qualified Institutional Buyers (QIBs) have subscribed 16.71x. Data last updated on 10 Nov, 05:58 AM.

The IPO subscription period has ended. The issue opened on 07 Aug, 2025 and closes on 11 Aug, 2025. The shares are expected to list on stock exchanges on 14 Aug, 2025.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 05:58 AM
Category Bid details Times
QIB - of - - 16.71x
NII - of - - 11.6x
bHNI — bid amount above ₹10 Lakh
- - 13.29
sHNI — bid amount ₹2–10 Lakh
- - 8.24
Retail - of - - 1.91x
TOTAL - 12,26,712 applications - 8.22x
Advertisement

JSW Cement IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹147.

Applications
12,26,712
Allottees
8,66,200
Overall odds
2 out of 3
Amount collected
₹21,696 Cr
Category Apps Got Odds
TOTAL 6.03x subscribed 12,26,712 8,66,200 2 out of 3

JSW Cement IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 2
~52.4% chance per PAN — based on 1.91x subscription. Winners get exactly 1 lot (₹14,994) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 8
~12.1% chance — based on 8.24x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 13
~7.5% chance — based on 13.29x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
16.71x
Proportionate allotment — at 16.71x, institutions receive ~6% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 52.4% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 16.71x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
11 Aug 2025
Day 3
8.22x ▼
QIB16.71x BHNI13.29x SHNI8.24x Retail1.91x
08 Aug 2025
Day 2
0.56x ▼
QIB0.24x BHNI0.46x SHNI0.92x Retail0.72x
07 Aug 2025
Day 1
0.29x ▼
QIB0.23x BHNI0.13x SHNI0.34x Retail0.36x

JSW Cement IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 07 Aug 2025
  2. Close 11 Aug 2025
  3. Allotment 12 Aug 2025
  4. Refund/credit 13 Aug 2025
  5. Listing 14 Aug 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
BLACKROCK EMERGING FRONTIERS MASTER FUND LTD. ₹110.00 Cr 10.19%
SBI MULTICAP FUND ₹110.00 Cr 10.19%
SBI FLEXICAP FUND ₹100.00 Cr 9.26%
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY - NOMURA FUNDS IRELAND - INDIA EQUITY FUND ₹50.00 Cr 4.63%
SBI LIFE INSURANCE CO.LTD. ₹50.00 Cr 4.63%
SBI INFRASTRUCTURE FUND ₹37.00 Cr 3.43%
ADITYA BIRLA SUN LIFE MIDCAP FUND ₹35.00 Cr 3.24%
GOVERNMENT PENSION FUND GLOBAL ₹35.00 Cr 3.24%
PRINCIPAL FUNDS INC GLOBAL EMERGING MARKETS FUND ₹35.00 Cr 3.24%
ABU DHABI INVESTMENT AUTHORITY-MONSOON ₹30.00 Cr 2.78%
AMUNDI FUNDS NEW SILK ROAD ₹30.00 Cr 2.78%
MOTILAL OSWAL LARGE CAP FUND ₹30.00 Cr 2.78%
GAGANDEEP CREDIT CAPITAL PVT.LTD. ₹25.00 Cr 2.31%
SOCIETE GENERALE-ODI ₹25.00 Cr 2.31%
KUWAIT INVESTMENT AUTHORITY - FUND NO. 208 ₹20.00 Cr 1.85%
FLORIDA RETIREMENT SYSTEM-ALLSPRING GLOBAL INVESTMENTS,LLC (EMSC) ₹20.00 Cr 1.85%
BARODA BNP PARIBAS SMALL CAP FUND ₹20.00 Cr 1.85%
CHARTERED FINANCE & LEASING LTD. ₹20.00 Cr 1.85%
NIPPON POWER & INFRA FUND ₹19.36 Cr 1.79%
SBI MAGNUM COMMA FUND ₹18.00 Cr 1.67%
TATA LARGE CAP FUND ₹18.00 Cr 1.67%
STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL ₹17.38 Cr 1.61%
TATA MUTUAL FUND - TATA AGGRESSIVE HYBRID FUND ₹17.00 Cr 1.57%
GOVERNMENT OF SINGAPORE ₹15.22 Cr 1.41%
BANDHAN SMALL CAP FUND ₹15.00 Cr 1.39%
NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND ₹14.99 Cr 1.39%
UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITIES (USD) ₹12.40 Cr 1.15%
NIPPON INDIA BALANCED ADVANTAGE FUND ₹11.29 Cr 1.05%
PGIM INDIA ELSS TAX SAVER FUND ₹10.00 Cr 0.93%
ASTORNE CAPITAL VCC-ARVEN ₹10.00 Cr 0.93%
DISCOVERY GLOBAL OPPORTUNITY (MAURITIUS) LTD ₹9.99 Cr 0.92%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND ₹9.68 Cr 0.90%
NIPPON LIFE INDIA TRUSTEE LTD - A/C NIPPON INDIA AGGRESSIVE HYBRID FUND ₹9.68 Cr 0.90%
UBS FUND MANAGEMENT (SWITZERLAND) AG ON BEHALF OF UBS (CH) INST FUND - EQUITIES EMERGING MARKETS ASIA ₹5.00 Cr 0.46%
MORGAN STANLEY INVESTMENT FUND, INC. ₹5.00 Cr 0.46%
MORGAN STANLEY INVESTMENT FUND INDIAN EQUITY FUND ₹5.00 Cr 0.46%
AXIS MAX LIFE INSURANCE LTD. ₹5.00 Cr 0.46%
AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND - ULIF02505/10/21SUSTAINEQU104 ₹5.00 Cr 0.46%
AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06/04LIFEBALANC104 - BALANCED FUND ₹5.00 Cr 0.46%
ABAKKUS DIVERSIFIED ALPHA FUND ₹5.00 Cr 0.46%
EDELWEISS LIFE INSURANCE CO.LTD. ₹5.00 Cr 0.46%
INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY ₹5.00 Cr 0.46%
GOLDMAN SACHS (SINGAPORE) PTE - ODI ₹5.00 Cr 0.46%
LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1 ₹5.00 Cr 0.46%
TOCU EUROPE III S.A R.L. ₹5.00 Cr 0.46%
RELIANCE GENERAL INSURANCE COMPANY LIMITED ₹5.00 Cr 0.46%
SBI GENERAL INSURANCE CO.LTD. ₹5.00 Cr 0.46%
UNION LARGE & MIDCAP FUND ₹5.00 Cr 0.46%
SBI LONG TERM ADVANTAGE FUND - SERIES IV ₹5.00 Cr 0.46%
SBI LONG TERM ADVANTAGE FUND-SERIES VI ₹5.00 Cr 0.46%
PGIM INDIA MULTI CAP FUND ₹4.00 Cr 0.37%
PGIM INDIA RETIREMENT FUND ₹1.00 Cr 0.09%
TOTAL ₹1,079.99 Cr 99.97%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of JSW Cement IPO?

As of IPO close date (11 Aug, 2025), the JSW Cement IPO is subscribed 8.22x times. Retail category is 1.91x, and NII is 11.6x subscribed.

When is the allotment date for JSW Cement IPO?

The allotment for JSW Cement IPO is expected to be finalized on 12 August, 2025.

What is the GMP of JSW Cement?

The Grey Market Premium (GMP) for JSW Cement is currently ₹4, indicating a potential listing gain of 3%.

When will JSW Cement IPO list on the stock market?

JSW Cement is scheduled to list on BSE and NSE on 14 August, 2025.

What are the chances of getting allotment in JSW Cement IPO?

The retail category is oversubscribed at 1.91x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 16.71x mean for JSW Cement IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 16.71x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check JSW Cement IPO allotment status?

After the allotment date (12 Aug, 2025), you can check your JSW Cement IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore JSW Cement IPO further

Track every stage of this IPO, from subscription to listing.

IPO Guru App
IPO Guru on Android

Subscription moves by the hour. Get it on your phone.

Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.

Get it on Google Play Join the WhatsApp channel

Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
8.22x
QIB
16.71x
NII
11.6x
bHNI
13.29x
sHNI
8.24x
Retail
1.91x
Full IPO details
Advertisement