JSW Cement IPO, Aug. 11 -- The initial public offer (IPO) of JSW Cement closed for subscription on Monday, August 11, amid strong bids from qualified institutional buyers (QIBs) and non-institutional investors (NIIs).

The offer by the cement arm of JSW Group opened for subscription on August 7, aiming to raise Rs.3,600 crore.

JSW Cement IPO received bids for 1,40,91,39,588 shares, as against 18,12,94,964 shares on offer, taking the total subscription status to 7.77 times.

The QIB quota was booked the most at 15.80 times, followed by the NII quota at 10.97 times and the retail quota at 1.81 times.

Now, with the closure of the offer, investor focus will shift to the JSW Cement IPO allotment, which is expected to be finalised tomorrow, A...