One of the leading companies, Kanodia Cement based for the last 15 years, and now has the aim of IPO, so that filed the DRHP with the SEBI. This IPO would be via OFS of 1.49 Crores shares.
The equity shares are planned to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) once approvals are in place.
Wherein, Promoters and individual shareholders sell the shares, and there are no fresh issue components according to the draft red herring prospectus (DRHP) filed on Thursday. The company would not receive any IPO proceeds from the IPO, as per the source.
Kanodia Cement IPO Lead Managers
Anand Rathi Advisors, Oneview Corporate Advisors, and IIFL Capital Services are the lead managers of the IPO.
Kanodia Cement OFS Details
Details below reveal the share’s contribution in the IPO.
- Nupoor Kanodia Beneficiary Trust, which plans to offload 81.91 lakh shares.
- Gautam Kanodia, offering 44.77 lakh shares, and Swati Kanodia, who will sell 22.42 lakh shares.
- The Gautam Kanodia HUF, selling 2,730 shares.
Kanodia Cement’s Financial Background
Kanodia Cement is one of the substantial companies in terms of cement manufacturing. According to a Crisil report, Kanodia Cement’s grinding capacity has increased at a compound annual growth rate (CAGR) of 22.12% between FY2014 and FY2024.
Kanodia Cement increased its net profit to ₹98 crore and its total income to ₹732 crore. It was for the nine months ending December 31, 2024. The company’s strong and stable performance has been shown due to stable financial figures.
Kanodia Cement IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Kanodia Cement Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹493.05 | ₹435.98 | ₹40.36 |
| 2023 | ₹669.09 | ₹593.02 | ₹55.47 |
| 2024 | ₹900.12 | ₹753.36 | ₹113.84 |
| December 2024 | ₹731.79 | ₹603.25 | ₹98.24 |
Kanodia Cement IPO Valuation – FY2024
Kanodia Cement IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹15.27 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.16% |
| Net Asset Value (NAV): | ₹53.10 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| JK Cement Limited | 102.35 | 49.40 | 15.72% | 694.61 | 11,556.00 Cr. |
| JK Lakshmi Cement Limited | 40.10 | 19.47 | 16.29% | 270.81 | 6,788.47 Cr. |
| Nuvoco Vistas Corporation Limited | 04.13 | 83.05 | 1.63% | 251.53 | 10,732.89 Cr. |
| Heidelberg Cement India Limited | 07.40 | 25.66 | 12.00% | 64.86 | 2,365.78 Cr. |
| Birla Corporation Limited | 54.61 | 19.43 | 7.95% | 866.66 | 9,662.72 Cr. |
| Prism Johnson Limited | 3.60 | 34.08 | 10.94% | 27.59 | 7,587.51 Cr. |
Objects of the Issue
- To be updated soon
IPO Lead Managers aka Merchant Bankers
- Anand Rathi Advisors Limited
- IIFL Capital Services Limited
- Oneview Corporate Advisors Private Limited
