JSW Group's Potential Upcoming IPO May Involve JSW One or JSW MG Motor
The JSW Group, a conglomerate known for its diverse business interests, is making headlines once again with plans for initial public offerings (IPOs) for some of its key entities.
JSW Cement Leads the Way
The latest information indicates that JSW Cement is actively launching its IPO from August 7 to August 11, 2025, aiming to raise ₹3,600 crore with a mix of fresh issuance and offer-for-sale shares. The company plans to use the funds partly to expand capacity and repay borrowings, with a price band of ₹139-147 per share and the shares expected to list around August 14, 2025[1][3][5].
Anticipated IPOs for JSW One and JSW-MG Motor India
Beyond cement and infrastructure businesses, the group expects to launch IPOs approximately every two years as part of a broader manufacturing expansion strategy. JSW One (JSW-1) and JSW MG Motor India are mentioned as likely upcoming IPO candidates.
JSW MG Motor India, a joint venture between the JSW group and China's SAIC Motor, has experienced sales growth of 46% year on year, and its IPO was reportedly oversubscribed 4.1 times, indicating strong investor interest[2][4]. JSW One, a digital marketplace for small and medium enterprises to access steel requirements, recently attained unicorn status by raising ₹340 crore in fresh capital and boasts a gross annual merchandise value of over ₹14,000 crore at the end of 2024[2].
However, there is no current public detail available about a planned IPO launch date or size specifically for JSW One or JSW MG Motor India beyond these indications[2][4].
The JSW Group's Journey of Diversification
The JSW Group has expanded rapidly over the last few years and diversified into several sectors, including ports, cement, paints, automobiles, and now real estate. Two years ago, JSW Infrastructure had an IPO, and if JSW-1 or JSW-MG motors do not have an IPO next, the next IPO will be for the other one that didn't.
In the automobile sector, JSW-MG Motor launched the Cyberstar, billed as the world's fastest MG, priced at ₹75 lakhs for fresh bookings, and opened a showroom and an experience centre in Mumbai last month.
As Sajjan Jindal, group chairman of JSW, stated, the group aims to have a new IPO every two years[6]. With the success of JSW Cement's upcoming IPO and the anticipated offerings for JSW One and JSW MG Motor India, it seems the JSW Group is set to continue its journey of growth and expansion.
[1] Business Standard
[2] Economic Times
[3] Mint
[4] Financial Express
[5] Moneycontrol
[6] Business Today
- The JSW Group, with its vision of a new IPO every two years, is planning to offer public shares for JSW One and JSW MG Motor India, following the success of the upcoming IPO for JSW Cement.
- Subscription for these future IPOs, particularly for JSW MG Motor India, has indicated strong investor interest, with the IPO being reportedly oversubscribed over four times.
- By launching IPOs for various subsidiaries, the JSW Group aims to finance the expansion of their business and infrastructure, including the automobile sector where they recently introduced the Cyberstar.
- The proceeds from these IPOs will also be utilized to pay off existing borrowings, as demonstrated by JSW Cement's plan to raise funds partially for this purpose.
