Kanodia Cement IPO

SEBI has granted its approval for the Initial Public Offer (IPO) of Kanodia Cement Ltd. on October 20, 2025. With this clearance, the company will move forward with the subsequent steps required to launch the IPO, subject to prevailing market conditions and the receipt of other necessary approvals. The SEBI approval remains valid for 12 months.

The Kanodia Cement Ltd. IPO will be a Book-Built Issue, and the company’s equity shares are proposed to be listed on both the NSE and BSE. Anand Rathi Advisors Ltd. will act as the Book Running Lead Manager, while MUFG Intime India Pvt. Ltd. will serve as the Registrar to the issue.

Details such as the IPO opening and closing dates, price band, and lot size will be announced in due course.

Kanodia Cement IPO Objectives 

Since Kanodia Cement IPO is a 100% offer for sale (OFS), all funds will be taken by the selling shareholders.

About Kanodia Cement Limited 

Incorporated in 2007, Kanodia Cement Limited is a prominent cement manufacturer operating six plants across five Indian states, including facilities in Sikandrabad, Bulandshahr, and Amethi in Uttar Pradesh, as well as Bhabua in Bihar. Together, these units provide a robust production capacity of 3.54 million tonnes per annum (MTPA).

The company operates through a dual business model, B2B contract manufacturing, where it supplies cement to established third-party brands, and B2C consumer sales, where it manufactures and markets its own branded products. Its diverse product portfolio includes Concrete Gold Cement, Bigcem Cement, and Bigcem Premium Plus Cement, catering to a wide range of construction needs.

Industry Outlook

1. India remains the world’s second-largest cement producer, with an installed capacity of approximately 636 MTPA as of FY 2024, reflecting a robust and expanding market.
2. Supportive policies such as the National Infrastructure Policy and Housing for All continue to fuel cement demand and are expected to sustain industry growth.
3. Ongoing infrastructure development, increased housing projects, and rapid urbanisation, combined with rising per capita income—are set to drive strong medium- to long-term demand for cement.
4. The industry is increasingly focusing on sustainable practices, including the use of alternative fuels and waste reduction, offering both environmental benefits and cost efficiencies.

How To Apply for the Kanodia Cement IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Kanodia Cement IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Kanodia Cement IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Kanodia Cement IPO 

D-19, UPSIDC Land Industrial Area, Sikandrabad, Bulandshahr, Uttar Pradesh, 203205, India

Phone: 0120-4561670

E-mail: Ipo@kanodiagroup.co.in

Kanodia Cement IPO Reservation

Key Performance Indicators for Kanodia Cement IPO

Kanodia Cement IPO Registrar and Lead Managers

Kanodia Cement IPO Lead Managers

• Anand Rathi Advisors Limited

Registrar for Kanodia Cement IPO

MUFC Intime India Private Limited

• Contact Number: +91 8108114949
• Email Address: Kanodiaicement.ipo@in.mpms.mufg.com

Financial Performance of Kanodia Cement Limited

Strengths and Opportunities of Kanodia Cement Limited

1. Strategic and timely capacity additions continue to boost installed capacity, sales volume, and revenue growth.
2. Pioneer in contract manufacturing with long-standing partnerships across major cement brands.
3. Strategically located SGUs enable wider market reach, lower freight costs, and access to state incentives.
4. Capital-efficient SGU-based model drives consistent financial performance without heavy investment in mining or clinker units.
5. Strong leadership under an experienced promoter supported by a professional senior management team.
6. Opportunity to increase wallet share by expanding business with existing contract manufacturing clients.
7. Ability to grow B2C market presence by leveraging an expanding distribution network across key northern regions.
8. Scope to improve operational efficiency through higher capacity utilisation and targeted cost-reduction initiatives.

Risks and Threats of Kanodia Cement Limited

1. High revenue dependence on a few major customers exposes the company to concentration risk and potential revenue loss.
2. Absence of long-term agreements with key clients increases business uncertainty and reduces revenue predictability.
3. Heavy reliance on subsidiary operations creates vulnerability to disruptions impacting overall business performance.
4. Interest waiver on inter-company loans may lead to regulatory non-compliance and potential penalties or reputational damage.
5. Significant related-party transactions, some not on an arm’s-length basis, pose risks of conflicts of interest and financial impact.
6. Past non-compliance in appointing a full-time company secretary may result in penalties, reputational harm, or regulatory restrictions.
7. Geographic concentration in Uttar Pradesh and Bihar heightens exposure to regional economic, social, or environmental disruptions.
8. Delays in payment of statutory dues could attract penalties and negatively affect financial condition and cash flows.