Chandigarh, May 26, 2025: Kanodia Cement Limited (“the Company”), a cement manufacturing company operating through satellite grinding units (“SGUs”) in the states of Uttar Pradesh and Bihar, specializing in the production of blended cement such as Portland Pozzolana Cement and Composite Cement has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The Company plans to raise funds through offer of equity share capital via initial public offering. The Public Offer comprises ‘Offer for Sale’ of up to 14,913,930 equity shares with face value Rs.10 each share.

As per the CRISIL Report, Kanodia Cement is one of the pioneers in the contract manufacturing of cement in India. As on December 31, 2024, the company operate five satellite grinding units (“SGUs”) with an aggregate cement manufacturing capacity of 3.54 MTPA. Its installed cement grinding capacity grew at a CAGR of 22.12%, compared to the industry average of 7.31% and a peer average of 9.64%, from Fiscal 2014 to Fiscal 2024, making it one of the fastest growing cement manufacturers in India in terms of increase in installed cement grinding capacity during the period. (Source: CRISIL Report) The company is also one of the fastest growing cement manufacturing companies in terms of increase in sales volume from Fiscal 2022 to Fiscal 2024, growing at a CAGR of 36.14%, compared to the industry average of 11.10% and peer average of 8.80%. (Source: CRISIL Report) Further, Kanodia Cement is also one of the fastest growing cement manufacturing companies in terms of growth in revenue from operations for the period Fiscal 2022 to Fiscal 2024, growing at a CAGR of 34.83%, compared to the industry average of 13.61% and peer average of 12.04%. (Source: CRISIL Report)

Anand Rathi Advisors Limited, IIFL Capital Services Limited and Oneview Corporate Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue.