Kanodia Cement has filed preliminary papers with the markets regulator Securities and Exchange Board of India (SEBI), seeking its approval to float an Initial Public Offering (IPO). The IPO is entirely an Offer For Sale (OFS) of 1.49 crore shares by promoters and an individual shareholder, with no fresh issue component.
Since the public issue is completely an OFS, the company will not receive any funds from the issue and entire proceeds will go to selling shareholders. Anand Rathi Advisors, IIFL Capital Services and Oneview Corporate Advisors are the book-running lead managers to the issue.
Kanodia Cement is a cement manufacturing company operating through Satellite Grinding Units (SGUs) in the states of Uttar Pradesh and Bihar, specialising in the production of blended cement such as Portland Pozzolana Cement and Composite Cement.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11948.20 |
| Ambuja Cement | 444.25 |
| ACC | 1392.00 |
| Shree Cement | 25437.05 |
| Dalmia Bharat | 1830.30 |
| View more.. | |
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