mumbai, July 19 -- After finishing a slew of meetings with institutional investors in road shows, JSW Cement has finalised plans to launch its Rs.4,000-crore initial public offering (IPO) in the first week of August, two people with knowledge of the development said. The company will file an updated red herring prospectus (RHP) with the market regulator by this month-end, the people added on the condition of anonymity. It had filed a draft RHP (DRHP) last August. "The company's cement capacity stands at more than 20 million tonnes, and based on feedback from investors and bankers, it is likely to target a valuation of around Rs.18,000-20,000 crore," one of the persons cited above said. Domestic and global investment banks such as JM Financial, Axis Capital, Jefferies India, Citigroup Global Markets India, DAM Capital, Goldman Sachs India, Kotak Mahindra Capital Company, and SBI Caps have been mandated to help the company with the IPO raise. As per the DRHP filed in August with market regulator Sebi (Securities and Exchange Board of India), JSW Cement's IPO will see a combination of fresh issue and offer for sale or OFS. Half of the Rs.4,000-crore target will be through issue of fresh shares. Another Rs.2,000 crore is planned through the OFS component, in which existing investors AP Asia Opportunistic Holding, Synergy Metals, and SBI are likely to participate. AP Asia Opportunistic Holdings Pte. Ltd and Synergy Metals Investments Holding Ltd are set to sell shares worth Rs.937.5 crore each, while State Bank of India (SBI) plans to divest shares valued at Rs.125 crore. Emailed queries to JSW Cement did not elicit any response till press time. The company has stated that it will use the fresh proceeds to fund a new integrated cement unit in Nagaur, Rajasthan, repay select borrowings, and also for general corporate purposes. Having started operations in 2009, JSW Cement is India's fastest-growing cement company by capacity addition. With 20 million tonnes (MT) of capacity, it currently ranks among the top 10 cement manufacturers in the country in terms of installed capacity. Its existing facilities are located in Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha), and Dolvi (Maharashtra). Additionally, it operates a clinker unit in Odisha through its subsidiary Shiva Cement. JSW Cement is part of the Sajjan Jindal-promoted JSW Group, which has businesses ranging from steel, energy, infrastructure, defence to automotive, e-commerce, realty, paints, and sports....