Kanodia Cement Files Drhp With Sebi for iPo; Entrely offer for sale

Kanodia Cement Limited, One of India’s Fastest-Growing Cement Manufacturers, have taken a significant step towards entering the public markets. The company has filled its draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO). According to the regulatory filing dated May 23, 2025, the issue will consist Entrely of an offer for Sale (ofs) of 1.49 Crore Equity Shares, with no fresh issue component, meaning the campany ierself Wills Receive any proceeds from the offering.

IPO structure and shareholder exit

As per the drhp, the IPO will allow existing shareholders – Including promoters and promoter groups entities -to offload part of their wholeings. The Selling Shareholders Include The Nupoor Kanodia Beneficiary Trust, A Promoter Entity, Offering 81.91 Lakh Shares; Gautam kanodia, part of the promoter group, offering 44.77 lakh shares; Swati Kanodia, an individual sharehlder, seling 22.42 lakh shares; And Gautam Kanodia Huf, Selling 2,730 Shares.

Since this is a pure ofs, all proceeds from the IPO will go directly to the seling sharehooders. The total offer size in monetary terms will be disclosed on the price band is finalized closer to the IPO date.

Anand Rathi Advisors, IIFL Capital Services, and OneView Corporate Advisors have been appointed as the book-Running Lead Manager to the Issue. The equity shares are proposed to be listed on both the bse and the nse, subject to Necessary Approvals.

Company Profile and Operations

Founded in 2009, Kanodia Cement is a Cement Manufacturing Company that operates through a Network of Satellite Grinding Units (SGUS) Strategically Located in Uttar Pradesh and Bihar. The company specialies in production bleded cement varieties (B2C) segments.

Kanodia Cement’s Business Model Uniquely Combines Contract Manufacturing for Other Cement Brands and in-House Brand Development. As of December 31, 2024, The Company Operates Five Sgus with a Total Cement Manufacturing Capacity of 3.54 Million Tonnes per Annum (MTPA).

According to a report by Crisil, The Company’s Cement Grinding Capacity has grown at a compound Annual Growth Rate (CAGR) of 22.12 Percent Between Fy2014 and Fy2024 – Significantly OutPacing Industry Average of 7.31 Percent and the Peer Average of 9.64 PERCENT-Position Kanodia Cement as one of the Fastest-Growing Players in India’s Cement Sector.

On the financial front, Kanodia Cement Reported a Net Profit of 9.8 Crore and a Total Income of 732 Crore for the Nine Months Ended December 31, 2024. The Numbers Reflect Stable Operational Performance and UndersCore the company’s readiness for market listing.

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