JSW Cement likely to debut with moderate gains: Should you pick it over Shree Cement, UltraTech, other stocks?

JSW Cement Stock Listing: Shares of JSW Cement, a JSW Group unit, are set to make their debut on the stock exchanges - the NSE and the BSE - on Thursday, August 14, after the company’s initial public offering (IPO) drew investor interest, with overall subscription reaching 7.77 times.

At 9:30 am in the pre-open session, JSW Cement’s indicative price at Rs 147.70, 0.48 per cent from its issue price of Rs 147, according to the BSE.

The IPO attracted over 12.75 lakh applications, with strong participation from institutional investors. Category-wise, the qualified institutional buyers (QIB) segment was subscribed 15.80 times, non-institutional investors (NIIs) 10.97 times, and the retail category 1.81 times.

What should investors expect from the listing? Is it a long-term bet?

Prior to the Dalal Street debut, Zee Business Managing Editor Anil Singhvi expected the JSW Cement stock to list near or slightly above its issue price of Rs 147. He reiterated his “AVOID” call for fresh buying at listing, advising investors to consider entry only post-listing if desired.

“Short-term investors should maintain a suitable stop loss below the IPO price,” Singhvi added, while recommending market leaders such as UltraTech Cement and Shree Cement for safer bets in the sector.

(This story will be updated soon.)