JSW Cement IPO, Aug. 4 -- The initial public offer (IPO) by JSW Cement is set to kick off this week, with State Bank of India as one of the top investors selling shareholder.

The price band for the Rs.3,600 crore JSW Cement IPO was released earlier today, August 4, signalling that SBI is set to make a multibagger return on its investment in the company. JSW Cement IPO price band has been fixed at Rs.139 to Rs.147.

The JSW Cement IPO is a mix of fresh share sale of Rs.1,600 crore and an offer for sale of Rs.2,000 crore, wherein SBI and two others - AP Asia Opportunistic Holding Pte and Synergy Metals Investments Holdings - are looking to offload stake.

SBI is looking to rake in Rs.129.70 crore from its stake sale in JSW Cement IPO. Indi...