JSW Cement Is Said to Eye Mumbai IPO as Roadshow Begins

JSW Cement Ltd. has kicked off a roadshow for its planned initial public offering that could take place in Mumbai as soon as next month, according to people familiar with the matter.

JSW Cement top executives including Parth Jindal are meeting institutional investors to gauge demand and valuation, the people said, asking not to be identified because the information is private. The company may seek to raise as much as 40 billion rupees ($468 million), two of the people said.

Considerations are ongoing and details such as the timing and size may still change, they added. A representative for JSW ...