Companies

Penna Cement files ₹1,550 crore IPO papers with SEBI

Our Bureau Mumbai | Updated on November 05, 2018 Published on November 05, 2018

Hyderabad-based Penna Cement Industries Ltd (PCIL), a privately-held cement company, has filed a draft papers with SEBI for a ₹1,550 crore Initial Public Offering (IPO). The company intends to use the funds for payment of certain borrowings and general corporate purposes

The IPO comprises a fresh issue of up to ₹1,300 crore and an offer-for-sale (OFS) of up to  ₹250 crore by PR Cement Holdings, a promoter company, according to the DRHP.

Following the IPO, the firm will list its shares on the BSE and the NSE.

Published on November 05, 2018
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