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Kanodia Cement IPO
Kanodia Cement Limited
Kanodia Cement IPO Details
Kanodia Cement Limited is making an initial public offer of up to 1,49,13,930 equity shares of face value Rs. 10 each through an Offer for Sale, with no fresh issue component.
The selling shareholders include Nupoor Kanodia Beneficiary Trust, Gautam Kanodia, Swati Kanodia, and Gautam Kanodia HUF, with weighted average acquisition costs ranging from Rs. 4.70 to Rs. 18.20 per share.
The issue includes specific reservations and allocations: up to 50% for QIBs, 15% for Non-Institutional Investors, and 35% for Retail Investors, with further sub-categorization within NII based on bid size.
The equity shares are proposed to be listed on both BSE and NSE, with ‘in-principle’ approvals to be received from both exchanges.
Kanodia Cement IPO Strengths
- Kanodia Cement has a strong presence and recognition in Northern Indian markets, particularly in Uttar Pradesh, Uttarakhand, and Bihar.
- Its production units are located near major raw material sources and target markets, which helps reduce logistics and operational costs.
- The promoters and senior leadership have decades of experience in the cement and infrastructure industry, aiding consistent growth and expansion.
- The company manufactures various types of cement (OPC, PPC, PSC), catering to a wide range of consumer and infrastructure needs.
Kanodia Cement IPO Weaknesses
- The company generates most of its revenue from select states in North India, exposing it to regional demand fluctuations and regulatory changes.
- Kanodia Cement depends on third-party suppliers for raw materials like clinker and coal, which can lead to price volatility and supply chain issues.
- While revenue is growing, profit margins are relatively low and fluctuate due to rising input costs and competitive pricing.
- The business demands substantial working capital for operations, which can affect liquidity and increase dependence on external financing.
- Cement production is energy-intensive and susceptible to fluctuations in coal, power, and freight costs, which could impact margins.
Kanodia Cement Revenue & Profit
4.93 | +0.40 |
6.69 | +0.55 |
9.00 | +1.13 |
10
8
6
4
2
0
Kanodia Cement IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Kanodia Cement IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Kanodia Cement IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Kanodia Cement IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Kanodia Cement IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Kanodia Cement Limited IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Kanodia Cement Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.