JSW Cement will focus on organic growth rather than acquisitions, as it lacks the financial strength to compete with giants like Adani and Birla, said MD Parth Jindal. The company aims to raise ₹3,600 crore through its IPO, valuing it at ₹20,000 crore. IPO proceeds will be used for expansion and debt reduction, with a goal to double capacity to 42 MTPA.