Newsletter
Kanodia Cement has filed draft papers with SEBI for an IPO, which will be a pure Offer For Sale (OFS) of 1.49 crore shares by promoters and one individual shareholder.
The deets: Kanodia Cement operates five Satellite Grinding Units (SGUs) across Uttar Pradesh and Bihar with a total cement grinding capacity of 3.54 million tonnes per annum.
The company runs on a dual model, producing cement for other brands (B2B) and selling its own branded products directly to consumers (B2C). It specialises in blended cements like Portland Pozzolana and Composite Cement, which are eco-friendlier and cost-effective.
Financially, Kanodia Cement clocked a profit of ₹98 crore and revenue of ₹732 crore in the nine months ending December 2024.
Zoom out: India is the world’s second-largest cement producer, and demand is only climbing with massive government spend on roads, housing, and urban infrastructure.
