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JSW Cement raises Rs 1,080 cr from anchor investors

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Mumbai: JSW Cement raised ₹1,080 crore from 52 anchor investors, ahead of its IPO. The company sold 73,400,000 shares at ₹147 apiece.

SBI Multicap Fund, Blackrock Emerging Frontiers Master Fund, Government Pension Fund Global, Motilal Oswal Large Cap Fund, Morgan Stanley Investment Fund, Societe Generale-Odi and Bandhan Small Cap Fund were among some of the anchor investors.

The IPO comprises a fresh issue of ₹1,600 crore and an offer for sale of ₹2,000 crore by AP Asia Opportunistic Holdings, Synergy Metals Investments, and State Bank of India. The price band for the IPO is between ₹139 and ₹147.

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