Adobe Stock
No fireworks, no stampede. JSW Cement’s IPO has wound up more like a slow-burning campfire than a market bonfire. Retail and high-net-worth investors did their bit, but institutional buyers kept their hands firmly in their pockets. For a company with green credentials and expansion on the horizon, the lukewarm close raises a big question: Should you still care? JSW Cement IPO subscription day 3 The Rs 3,600 crore issue (Rs 1,600 crore fresh + Rs 2,000 crore offer for sale) subscription stood as follows: Investor category Subscription Retail 1.01x NIIs 0.95x QIBs 0.24x Overall 0.81x Grey market premium, which started near Rs 17, has cooled to about Rs 3, signalling subdued listing day expectations. Why the muted interest? Valuation stretch: At the to







