The IPO date for Penna Cement has not yet been announced. The company presented a DRHP to SEBI for a 1550 crore IPO. The company earned clearance from SEBI to launch an IPO. The company will submit the RHP for an IPO in the coming weeks/months. Penna Cement’s initial public offering (IPO) is expected to collect 1550 crores from the primary market. The IPO comprises of a 1300 crore fresh offering and a 250 crore offer for sale. Penna Cement, founded in 1991, is one of India’s largest cement companies having an installed cement capacity of 10 million tonnes per year. In southern and western India, the firm is a well-known brand.
Clients range from mall owners to organized real estate developers, as well as state governments and worldwide construction companies. The retail portion of the IPO might be 35%, 50% QIB, and 15% NII. Penna Cement’s first public offering (IPO) will be listed on the NSE and BSE indices.
Important Information:
In 2020-21, the company reported a revenue of 2476 crores and an operating profit of 480 crores. In the fiscal year in question, they had a net profit of 152 crores. Stay tuned for additional details on Penna Cement’s first public offering.
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Penna Cement IPO GMP, Date & Price Band
| IPO Open: | – |
| IPO Close: | – |
| IPO Size: | Approx ₹1550 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹ to ₹ Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | – Shares |
Penna Cement IPO Market Lot
The Penna Cement IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to – lots with – shares or ₹- amount.
| Minimum Lot Size: | Minimum – Shares |
| Minimum Amount: | ₹- |
| Maximum Lot Size: | Maximum – Shares |
| Maximum Amount: | ₹- |
Penna Cement IPO Allotment & Listing
The Penna Cement IPO date is (Adding Soon) and the close date is (Adding Soon). The allotment will be finalized on (Adding Soon) and the IPO may list on (Adding Soon).
| Basis of Allotment: | – |
| Refunds: | – |
| Credit to Demat Account: | – |
| Listing Date: | – |
Penna Cement IPO Form
How to apply the Penna Cement IPO? You can apply Penna Cement IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Penna Cement IPO in the Invest section. The other option you can apply Penna Cement IPO via IPO forms download via NSE and BSE. Check out the Penna Cement forms.
Penna Cement Company Financial Report
They made a net profit of ₹152 crores in 2020-2021.
| ₹ in Crores | Revenue | Expense | PAT |
|---|---|---|---|
| 2018 | ₹- | ₹- | ₹- |
| 2019 | ₹- | ₹- | ₹- |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹- | ₹- | ₹- |
Company Promoters
- P. Prathap Reddy
- Pioneer Builders
- P R Cement Holdings Limited
About Penna Cement
Penna Cement is one of India’s largest privately held cement organizations, with a cement capacity of 10 million tonnes per year. Penna Cement, founded in 1991, has become one of the most entrusted cement brands, with substantial footprints across southern and western India. Our clients range from small homeowners to large real estate developers, as well as state governments and a global company construction companies. We have grown organically over the two decades prior by establishing in-house expertise and skills across the entire cement value chain. All of our cement plants are fitted with cutting-edge technology, helping the company to offer superior-quality goods.
