Penna Cement files DRHP with SEBI to raise ₹1,550 cr
May 14, 2021
Company targets ₹1,300 crore through fresh issue
Penna Cement Industries has filed draft red herring prospectus with market regulator for its initial public offering aimed at raising about ₹1,550 crore.
Set up in 1991, the Hyderabad-based company, is promoted by P. Prathap Reddy, Pioneer Builders and PR Cement Holdings Ltd.
It has four integrated manufacturing facilities and two grinding units in Andhra Pradesh, Telangana and Maharashtra, with an aggregate cement production capacity of 10 million tonne per annum as of 2018. It is in the process of increasing capacity to 16.50 MMTPA. The company proposes to issue equity shares of ₹10 each at a premium for cash aggregating to ₹1,550 crore comprising of fresh issue of up to ₹1,300 crore and offer of sale of shares by promoters aggregating to ₹250 crore with fresh equity shares.
Marico Ltd recorded volume of 6.83 lakh shares by 10:48 IST on BSE, a 7.85 times surge over two-week average daily volume of 86982 shares
Larsen & Toubro Ltd, Edelweiss Financial Services Ltd, K P R Mill Ltd, EID Parry (India) Ltd are among the other stocks to see a surge in volumes on BSE today, 03 May 2021.
Marico Ltd recorded volume of 6.83 lakh shares by 10:48 IST on BSE, a 7.85 times surge over two-week average daily volume of 86982 shares. The stock gained 8.38% to Rs.446.15. Volumes stood at 2.91 lakh shares in the last session.
Larsen & Toubro Ltd registered volume of 3.77 lakh shares by 10:48 IST on BSE, a 3.5 fold spurt over two-week average daily volume of 1.08 lakh shares. The stock slipped 0.95% to Rs.1,327.50. Volumes stood at 94414 shares in the last session.
Arohan Financial Services, Dodla Dairy Get Sebi s Nod for IPO
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23
Arohan Financial Services, Dodla Dairy Get Sebi s Nod for IPO
PTI - 26 April 2021
Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi s go-ahead to float initial share-sales.
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday.
Sebi s observation is very necessary for any company to launch public issues like Initial Public Offer (IPO), follow-on public offer (FPO), and rights issue.