Penna Cement Industries Limited, a cement manufacturer company in the country, is preparing to launch its Penna Cement IPO. The company has filed DRHP with market regulator SEBI. Through this IPO, the company is raising funds from the primary market of 1550 Crores. Recently Nuvma Group Cement Company Nuvoco Vistas Corp Ltd has also proposed to launch an IPO with SEBI. Now the name of Hyderabad-based cement company Penna Cement Industries has also been added to this list. Penna Cement is among the top private cement companies in the country.
Through this IPO, the company will issue shares through a fresh issue of Rs 1300 crore and offer for sale of 250 crores. Let us tell you that the company promoter PR Cement Holdings Ltd has a 33.41% stake in Penna Cement Industries.
Penna Cement IPO will use Rs 550 crore from the funds raised through this IPO to pay off its debt. The company had a debt of Rs 1,548.87 crore as of 31 March 2021. At the same time, the company will use Rs 105 crore to fund the capital expenditure of its KP Line II projects.
The company will use Rs 80 crore to upgrade the company’s Raw Grinding and Seamen Mill in Talaricheruvu. 110 crores will be spent to establish a WHR plant here and the company will spend 130 crores to set up a WHR plant in Tandu.
The company has 4 integrated manufacturing units and 2 grinding units in Andhra Pradesh, Telangana, and Maharashtra. The company has an annual capacity of 10 million tonnes of cement production. The company intends to increase it to 16.5 MMTPA by FY24. Also, the company produces 7.8 MMTPA clinker which is planned to be 10.8 MMTPA by FY24.
Talking about the financials of the company, the total income of the company in FY21 was Rs 2,599.35 crore, which was only Rs 2,176.25 crore in FY20. Net profit of the company stood at Rs 152.07 crore during the period, compared to only Rs 23.02 crore a year ago.
Penna Cement IPO Review :
■ Coming Soon
Penna Cement IPO Date & Price Band & Details :
| IPO Open : | – |
| IPO Close : | – |
| IPO Size : | 1550. Cr |
| Face Value : | ₹ 10 Rs. Equity Share |
| Price Band : | – Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | 1550. Cr |
| Fresh Issue : | 1300. Cr |
| Offer For Sale : | 250. Cr |
Penna Cement IPO Market Lot :
| Minimum Lot Size : | – |
| Minimum Amount : | – |
| Minimum Shares : | – Share |
| Maximum shares: | – Share |
Penna Cement IPO Shares Offer :
| Category | Shares Offers |
| Fresh issue : | – |
| Offer For Sale : | – |
| Total : | – |
Penna Cement IPO Reservation :
| Category | Reservation | Shares |
| QIB : | 50 % | – |
| NII : | 15 % | – |
| RII : | 35 % | – |
| EMP : | – % | – |
| Total : | 100 % | – |
Penna Cement IPO Dates :
| Allotment Date : | May – June 2021 |
| Refund Date : | May – June 2021 |
| Share Credit Date : | May – June 2021 |
| Listing Date : | May – June 2021 |
Penna Cement IPO Form :
There are two ways to apply in Penna Cement IPO. You can apply for Penna Cement IPO through ASBA available in your bank account. You have to go to your online bank login and select Penna Cement IPO in the Invest section and apply through your bank account. Another option is you can apply Penna Cement IPO through IPO form download through NSE and BSE. See the Penna Cement IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Penna Cement Company Financial Report (Cr) :
| Year | Revenue | Expense | P&L |
| 2021 | ₹25,993.50 | ₹23,694.00 | ₹1,520.73 |
| 2020 | ₹21,762.53 | ₹21,377.81 | ₹230.24 |
| 2019 | ₹21,591.22 | ₹21,037.06 | ₹851.33 |
About Penna Cement Company
Our Company was incorporated as Penna Cement Industries Limited on October 24, 1991, at Hyderabad, Telangana, India as a public limited company under the Companies Act, 1956 and received the certificate of commencement of business from the Registrar of Companies on November 8, 1991. The name of our Company was thereafter changed to Penna Cement Industries Limited and a fresh certificate of incorporation consequent upon change of name was issued on September 28, 2010. The name of our Company was subsequently changed to Penna Cement Industries Limited and a fresh certificate of incorporation consequent upon change of name was issued on July 26, 2012.
Penna Cement is one of the largest privately held cement companies in India, with an installed cement capacity of 10 Million Tonnes Per Annum. Founded in 1991, Penna Cement has established itself as one of the most trusted cement brands, with significant footprints in southern and western India. Our clientele ranges from small house owners to organized real estate developers and from various state governments to global construction majors.
Over the last two decades, we have grown organically by developing in-house expertise and capabilities, across the entire value chain in the cement industry. All our cement plants are equipped with state-of-the-art technology, enabling the company to deliver superior quality products.
Company Promoters :
■ P. Prathap Reddy
Penna Cement Board of Directors
| Name | Designation |
| P. Prathap Reddy | Chairman and Managing Director |
| Lakshmi Kantham Dabbara | Whole-time Director |
| P. Deepthi Reddy | Non-Executive Director |
| P. Venugopal Reddy | Non-Executive Director |
| Anil Kumar K | Non-Executive Independent Director |
| Kancherla Ravindranath | Non-Executive Independent Director |
| P. Pradeep Kumar | Non-Executive Independent Director |
| Sairam Mocherla | Non-Executive Independent Director |
| Umanath Varahabhotla | Non-Executive Independent Director |
Quick Link :
Penna Cement IPO Lead Managers :
■ ICICI Securities Limited
■ Edelweiss Financial Services Limited
■ Axis Capital Limited
■ JM Financial Limited
■ YES Securities (India) Limited
Penna Cement IPO Registrar :
KFin Technologies Private Limited
Selenium, Tower – B, Plot No – 31 and 32
Financial District, Nanakramguda
Serilingampally
Hyderabad 500 032
Rangareddi, Telangana
India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Note: Check Penna Cement IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Penna Cement Industries Ltd
Plot No: 705, Lakshmi Nivas,
Road No 3, Banjara Hills,
Hyderabad-500034
Phone No. 040-44565100
Fax No. 040 – 44565222, 44565310
Email: [email protected];
Website: www.pennacement.com
Penna Cement IPO FAQs :
What is Penna Cement IPO?
Penna Cement IPO is Main Board IPO. They are going to raise ₹1550. Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO to be listed on BSE & NSE.
When Penna Cement IPO will open?
The IPO is to open on May – June 2021 for QIB, NII & RII.
What is Penna Cement IPO Size?
Penna Cement IPO size is ₹1550 Crores.
What is the Fresh issue size of Penna Cement IPO?
The Fresh issue size of Penna Cement IPO ₹1300 Cr.
What is the Offer For Sale size of Penna Cement IPO?
The Offer For Sale size of Penna Cement IPO ₹250 Cr.
What is Penna Cement IPO Price Band?
Penna Cement IPO Price Band is ₹- to ₹-.
What is Penna Cement IPO Minimum and Maximum Lot Size?
The minimum bid is – Shares with ₹- amount while maximum bid is – shares with ₹-
What is Penna Cement IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Penna Cement IPO Allotment Date?
Penna Cement IPO allotment date is Not Declare.
What is Penna Cement IPO Listing Date?
Penna Cement IPO listing date is Not Declare. The IPO to list on BSE and NSE.
How to Apply the Penna Cement IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Penna Cement IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Penna Cement IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Penna Cement IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Shyam MetalicsIPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Penna Cement IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Penna Cement IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Penna Cement IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Penna Cement IPO GMP: Click Here
Penna Cement IPO Subscription Status: Click Here
Penna Cement IPO Allotment: Click Here
Penna Cement IPO Listing: Click Here
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