JSW Cement to sell up to Rs 123 cr shares in JSW One Platforms IPO

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JSWCEMENT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹131.11

prior close

₹131.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.5%-0.3% vs market

Cement & Cement Products peers, median of 36sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-1.7

15m

-2.0

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.5-0.3-0.3-0.5

Next day

-2.7-0.3-2.5-0.6-2.2

-2.8-0.1-2.7-1.0-1.9

-5.4-0.7-4.7-2.0-3.5

-4.5-0.1-4.4-0.7-3.8

-3.9+0.3-4.2-1.2-2.7

-4.5-0.1-4.4-0.7-3.9

15d

-5.4+0.6-6.0-1.8-3.6

-10.8-2.6-8.2-7.1-3.6

-12.6-2.9-9.7-11.4-1.2

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Cement board approved participating as a Promoter Selling Shareholder in the proposed IPO of group company JSW One Platforms Limited (JOPL). The company will offer for sale equity shares of face value Rs 10 each, aggregating up to Rs 123 crores held by it in JOPL. The transaction is an offer for sale, not a fresh issue. IPO pricing and timeline are yet to be determined, subject to approvals and market conditions.

Likely market impact

JSW Cement will monetize part of its stake in group company JSW One Platforms via the IPO. Could unlock value, subject to market conditions and IPO pricing.