Tuesday, February 18, 2025 | 04:39 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Emami Cement files for IPO with Sebi, proceeds to be used in debt repayment

Company to issue fresh equity shares worth Rs 5 bn; another Rs 5 bn worth of promoter group's shares to also be sold

Representative Image (Photo: Shutterstock)
Premium

Representative Image (Photo: Shutterstock)

BS Reporter Mumbai
Emami Cement, a leading cement company in eastern India, plans to go public. The company on Friday filed a draft red herring prospectus (DRHP) with market regulator Sebi.  

The company plans to issue fresh equity shares worth Rs 5 billion through the IPO. Another Rs 5 billion worth of shares belonging to the promoter group will be sold in the IPO. The issue proceeds will be used for repayment of debt and for general corporate purposes. IIFL Holdings, Axis Capital, CLSA India, Edelweiss and Nomura (India) are handling the IPO.    

Emami Cement has an installed manufacturing capacity

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in