Archive · 23 May 2025
Kanodia Cement Files for IPO, Offering Shares for Sale
Kanodia Cement, a cement company, is planning to sell some of its shares to the public through an IPO.
This is not a way for the company to raise money.
Instead, current owners are selling their shares, so the company itself won't get any cash.
They make blended cement in Uttar Pradesh and Bihar, and have grown faster than other cement makers.
The company's income and profits were strong in the last nine months of 2024.
The IPO is managed by Anand Rathi Advisors, IIFL Capital Services, and Oneview Corporate Advisors.
Kanodia Cement has filed for an IPO.
The IPO is an Offer For Sale (OFS) of 1.49 crore shares.
The company operates Satellite Grinding Units (SGUs) in Uttar Pradesh and Bihar.
The company specializes in blended cement production.
The company's installed cement grinding capacity grew at a CAGR of 22.12% from fiscal 2014 to fiscal 2024.
- Who
- Kanodia Cement, a cement manufacturing company.
- What
- Filed for an IPO (Initial Public Offering), an Offer For Sale of 1.49 crore shares.
- When
- The company filed preliminary papers on Thursday.
- Where
- Operates in Uttar Pradesh and Bihar.
- Why
- To allow current shareholders to sell their shares.
- OFS
- 1.49 crore shares
- SGU Locations
- Uttar Pradesh and Bihar
- Manufacturing Capacity
- 3.54 MTPA
- Total Income (9 months ended Dec 31, 2024)
- Rs 732 crore
- Profit (9 months ended Dec 31, 2024)
- Rs 9.8 crore