JSW Cement IPO: GMP at 8%; issue subscribed 30% on Day 2 so far; should you apply?

JSW Cement’s Rs 3,600 crore IPO saw muted demand on Day 2 with 32% subscription and an 8% grey market premium. Despite soft margins and a dip in profits, brokerages recommend ‘Subscribe’, citing strong growth prospects, sustainability focus, and JSW Group.