Kanodia Cement Ltd. IPO Details
Kanodia Cement Ltd. IPO is a book-built issue and is proposed as a 100% Offer for Sale (OFS).
SEBI approval: 20 October 2025 (valid for 12 months).
Proposed listing: BSE & NSE.
Lead Manager: Anand Rathi Advisors Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
🕗 Last Update: 3 November 2025, 7.45 AM
GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| Filed with SEBI | 22 May 2025 |
| SEBI Approval Received | 20 Oct 2025 |
| IPO Opens on | To be announced |
| IPO Closes on | To be announced |
| Allotment on | To be announced |
| Credit of Shares | To be announced |
| Listing Date | To be announced |
| Listing at | BSE, NSE |
Objects of the Issue (Rs. in Millions)
| S.No. | Purpose | Amount (Rs. Million) |
|---|---|---|
| 1 | 100% Offer for Sale – proceeds to selling shareholders | — |
Business
Incorporated in 2009 and headquartered in Noida, Uttar Pradesh, Kanodia Cement Ltd. is a leading cement manufacturer with a strong regional footprint in North and East India. The company operates six plants across five states, including Sikandrabad, Bulandshahr, and Amethi (Uttar Pradesh), and Bhabua (Bihar), with a total cement production capacity of 3.54 million tonnes per annum (MTPA).
Business Models
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B2B Contract Manufacturing: Supplies cement for well-known third-party brands.
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B2C Consumer Brands: Manufactures and markets own branded cement products.
Product Portfolio
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Concrete Gold Cement
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Bigcem Cement
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Bigcem Premium Plus Cement
Key Strengths
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Strategic and timely capacity expansions driving steady growth.
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Pioneer in contract manufacturing with reputed cement brands.
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Well-located units ensuring efficient logistics and lower freight costs.
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Consistent financial growth supported by capital-efficient model.
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Strong promoter group with experienced management team.
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | To be announced |
| Lot Size | To be announced |
| Sale Type | 100% Offer for Sale |
| Issue Type | Book-Built IPO |
| Listing At | BSE, NSE |
| Pre-Issue Share Capital | 7,45,69,650 shares |
| Post-Issue Share Capital | 7,45,69,650 shares |
Investor Category Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50.00% of the Net Offer |
| Retail | Not less than 35.00% of the Net Offer |
| NII | Not less than 15.00% of the Net Offer |
Financial Snapshot (Rs. crore)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 677.39 | 581.78 | 500.06 | 498.43 |
| Total Income | 731.79 | 900.12 | 669.09 | 493.05 |
| Profit After Tax | 98.19 | 113.87 | 55.55 | 40.41 |
| Net Worth | 498.39 | 400.20 | 286.34 | 230.89 |
| Total Borrowing | 32.00 | 14.94 | 77.27 | 116.05 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 33.58% |
| ROCE | 36.47% |
| Debt/Equity | -0.23 |
| RoNW | 33.16% |
| PAT Margin | 12.82% |
| Pre-IPO EPS (Rs.) | 15.27 |
| Post-IPO EPS (Rs.) | 17.56 |
Company Contact
Kanodia Cement Ltd.
A-21, Sector-16, Gautam Buddha Nagar, Sikandrabad, Bulandshahr,
Noida, Uttar Pradesh – 201301
📞 0120-4561670
✉ ipo@kanodiagroup.co.in
🌐 https://kanodiagroup.co.in/
Lead Managers
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Anand Rathi Advisors Ltd.
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IIFL Capital Services Ltd.
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Oneview Corporate Advisors Pvt. Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉ kanodiacement.ipo@in.mpms.mufg.com
🌐 https://linkintime.co.in/Initial_Offer/public-issues.html
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Kanodia Cement Ltd., established in 2009, operates six cement plants across five Indian states with a total capacity of 3.54 MTPA. The company has established itself as a key player in both B2B contract manufacturing and B2C branded cement under the “Bigcem” and “Concrete Gold” labels.
Financially, Kanodia Cement reported strong performance with FY24 PAT of Rs. 113.87 crore and 12.82% PAT margin. ROE and ROCE remain impressive at 33.58% and 36.47%, respectively. Debt has declined significantly from Rs. 116 crore in FY22 to Rs. 15 crore in FY24, reflecting balance sheet strength.
Chanakya View: A fundamentally strong regional cement player with consistent profitability, efficient operations, and minimal leverage. Long-term investors may track this 100% OFS issue for pricing and valuation clarity.
Quick Links
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StaffAvailable.com • BigGaddi.com • SahiFund.com • Magajmari.com
Disclaimer
This article is for informational purposes only. Chanakya Ni Pothi does not deal in Grey Market Premiums and does not recommend investment decisions based on GMP trends. Investors should consult a SEBI-registered advisor before investing.
