CosmicTaco

SEBI Halts JSW Cement IPO

CosmicTaco · 2024-09-03T10:09:44.421762+05:30

- **SEBI** has put the proposed **JSW Cement IPO** 'in abeyance', halting its ₹4,000 crore primary market offering. - The IPO was a mix of offer-for-sale and fresh issue of shares, aimed at repaying debt and funding a new unit in Nagaur. - **JSW Cement** reported a 3% revenue increase to ₹6,028 crore in FY24, but profits fell by 40% to ₹62 crore. - **Orkla India** is in talks to raise $300 million via IPO, targeting a valuation of $2 billion, with plans to list between June and November 2025. - The spices market in India is largely unorganised, with major players like **MTR**, **Eastern Condiments**, and **Everest** leading the branded segment.

SEBI has put the proposed JSW Cement IPO 'in abeyance', halting its ₹4,000 crore primary market offering.
The IPO was a mix of offer-for-sale and fresh issue of shares, aimed at repaying debt and funding a new unit in Nagaur.
JSW Cement reported a 3% revenue increase to ₹6,028 crore in FY24, but profits fell by 40% to ₹62 crore.
Orkla India is in talks to raise $300 million via IPO, targeting a valuation of $2 billion, with plans to list between June and November 2025.
The spices market in India is largely unorganised, with major players like MTR, Eastern Condiments, and Everest leading the branded segment.