Description

JSW Cement Limited equity shares listing with detailed lock-in periods ranging from 30 days to 3 years for different categories of shareholders.

Summary

JSW Cement Limited has listed its equity shares on BSE with detailed lock-in arrangements. The company has issued 136.33 crore equity shares with varying lock-in periods for different categories of shareholders including promoters, anchor investors, and ESOP beneficiaries.

Key Points

  • Total equity shares: 136,33,64,936 shares in demat form
  • Promoter shares locked-in for 3 years (until Aug 12, 2028)
  • Pre-IPO investor shares locked-in for 1 year (until Aug 12, 2026)
  • Anchor investor shares have 30-day and 90-day lock-in periods
  • ESOP Trust shares (3.25 crore) not under lock-in
  • Public issue shares not under lock-in

Lock-in Structure

3-Year Lock-in (until Aug 12, 2028):

  • 27,26,78,000 shares (Promoter category)

1-Year Lock-in (until Aug 12, 2026):

  • 60,26,82,044 shares
  • 20,86,32,888 shares
  • 19,67,354 shares
  • 3,67,34,692 shares

Short-term Lock-in:

  • 36,734,692 shares (30 days until Sep 10, 2025) - Anchor Investors
  • 36,734,694 shares (90 days until Nov 9, 2025) - Anchor Investors

Important Dates

  • Listing Date: August 13, 2025
  • Anchor investor 30-day lock-in expires: September 10, 2025
  • Anchor investor 90-day lock-in expires: November 9, 2025
  • 1-year lock-in expires: August 12, 2026
  • 3-year lock-in expires: August 12, 2028

Impact Assessment

The lock-in structure will significantly impact trading liquidity, with approximately 75% of shares under various lock-in periods. This creates a controlled supply environment that may support share price stability during early trading phases. The staggered unlock dates will provide gradual liquidity increase over time.

Impact Justification

New listing with significant lock-in provisions affecting trading liquidity