Trilegal Advised On JSW Cement’s ₹36 Billion IPO

Trilegal Advised on JSW Cement’s ₹36 Billion IPO

The leading law firm Trilegal advised on the successful listing of equity shares of JSW Cement Limited (“JSW Cement”) pursuant to its ₹36,000 million initial public offering.

JSW Cement, one of India’s fastest-growing cement manufacturers and part of the JSW Group, launched an IPO comprising a fresh issue of equity shares and an offer for sale by existing investors — State Bank of India, Apollo, and Synergy Capital. Net proceeds from the fresh issue will be used for debt repayment and capital expenditure towards a new integrated cement unit.

Trilegal acted for the syndicate of book running lead managers, including JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited.

This marks the second JSW Group IPO advised on by Trilegal, following JSW Infrastructure Limited’s listing in 2023.

The Trilegal team was led by Partner Richa Choudhary, with Counsel Avanti Kale and Maitreya Rajurkar, Senior Associates Aayush Khandelwal and Shivayana Balodia, and Associates Yug Gambhir, Deepanshu Agarwal, Dinank Bhanot, and Harsh Handa.

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