JSW Cement Cuts IPO Size To Rs 3,600 Crore

JSW Cement, part of Sajjan Jindal-promoted diversified JSW Group, is set to launch its truncated Rs 3,600-crore initial public offering on August 7. The total size of the issue, however, is lower than the earlier proposed issue of up to Rs 4,000 crore, according to the latest RHP. The IPO will open for public subscription on August 7 and closes on August 11, while the anchor investor bidding date would be August 6 for JSW Cement, according to the Red Herring Prospectus filed on Friday.