JSW Cement Stock Listing: Shares of JSW Cement, a JSW Group unit, made a steady debut on the bourses – the BSE and NSE – on Thursday, August 14, after its initial public offering (IPO) saw robust demand with an overall subscription of 7.77 times.

On listing, the stock opened at Rs 153 on the BSE, a gain of Rs 6, or 4.08 per cent per share, over the issue price of Rs 147.

On the NSE, it began trading at Rs 153.50, up Rs 6.50/share, or 4.42 per cent, from the IPO price.

The IPO attracted over 12.75 lakh applications, led by strong institutional participation. The qualified institutional buyers (QIB) category was subscribed 15.80 times, the non-institutional investors (NIIs) 10.97 times, and the retail segment 1.81 times.

What should investors expect from the listing? Is it a long-term bet?

Prior to the Dalal Street debut, Zee Business Managing Editor Anil Singhvi expected the JSW Cement stock to list near or slightly above its issue price of Rs 147. He reiterated his “AVOID” call for fresh buying at listing, advising investors to consider entry only post-listing if desired.

“Short-term investors should maintain a suitable stop loss below the IPO price,” Singhvi added, while recommending market leaders such as UltraTech Cement and Shree Cement for safer bets in the sector.

(This story will be updated soon.)