Open Account Now
Penna Cement IPO
Penna Cement Private Limited
Penna Cement IPO Details
Are you planning to invest in an IPO from a reputed company? Then Penna Cement IPO can be a great choice. SEBI has approved the Hyderabad-based firm Penna Cement, and their offering is over 15000 crore. So, you can generate some great returns on investment.
Penna Cement aims to expand its business and increase revenue for manufacturing processes. As they have been a reliable name for years, you can safely invest in the IPO.
Be it a new or experienced investor, you need to know the IPO strength, lot size, opening date, and other details.
Penna Cement Industries is among the largest cement manufacturing companies with decades of industry experience. They have grinding and manufacturing units across Maharashtra, Telangana, and Andhra Pradesh.
The company works with private and government agencies spanning across southern and western India. With over 2000 crore in revenue in the past few years, the IPO looks promising for any investor. Here are some of the vital details you must keep in mind –
The initial public offering is worth INR 15500 crores, but the launch date isn't decided.
The company has yet to announce the final lot size and investment per lot. Penna Cement IPO is set to be listed on BSE and NSE.
Penna Cement Strengths
Investing in the Penna Cement IPO will benefit you if you're interested in this industry. Plus, the companies plan to expand their business in the central and northern regions of the country. They will onboard new clients, set up multiple factories, and improve production.
Other strengths that you must focus on while investing in the IPO are –
Penna Cement also aims to invest in blended cement, which will have a bright financial future.
They have an excellent distribution network across South India and a stable market presence.
With more than 3300 distributors and dealers, their client relationships are strong for better business revenue.
They have an established track record of making outstanding profits.
The blended cement market can boost their overall business revenue.
They have an experienced management, marketing, and promotional team to manage their finances.
So, investing in Penna Cement IPO will be a tactful decision for profiting from the industry proceedings. As the IPO is from an established brand, their shares will be of high market value and capitalization.
Penna Cement Weaknesses
Although the Penna Cement IPO has huge prospects, some specific risks and weaknesses need consideration:
A study supply of raw materials for product manufacturing may hamper the company's finances and stock prices.
Market fluctuations and supply expenses can pose minor issues in business revenue. Penna belongs to a capital-intensive sector. So, they might require additional financing to support their organizational growth.
However, you can still plan on investing in the IPO after consulting with an investment expert.
Penna Cement Revenue & Profit
+2.16 | 0.08 |
+2.17 | 0.02 |
+2.48 | 0.01 |
10
8
6
4
2
0
Penna 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 be announced |
| Listing Date | To be announced |
Penna Cement IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Penna Cement IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Penna Cement IPO Subscription Breakup
| QIBs | To be announced |
| Non-Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Penna Cement IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the Penna Cement IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
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 Penna Cement IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.