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Penna Cement IPO GMP, Penna Cement Grey Market Premium, IPO Date

Penna Cement IPO GMP - Penna Cement Grey Market Premium Today (Live Data)

Know everything about Penna Cement IPO - Penna Cement IPO GMP (Grey Market Premium), IPO Date, Penna Cement IPO Review, All important dates, Benefits and Risk. Today we are going to talk about Penna Cement, India's leading cement maker, which is going to IPO lane of approximately ₹1550 crore. We will update Gray Market Premium everyday. Also, all the information related to Penna Cement IPO like price band, all dates, issue size and retail portion ,etc. Everything about Penna Cement IPO is given below.
Penna Cement IPO GMP
Penna Cement IPO GMP

    Penna Cement IPO Details

    Penna Cement is about to open its IPO lane soon. Penna Cement Industries has filed its DRHP with SEBI (Securities and Exchange Board of India) for an IPO of ₹1550 crore. The company has been cleared by SEBI to launch an IPO of around ₹1500. Penna Cement is one of the leading cement manufacturing companies in India. The company has made a profit of ₹ 152 in the financial year 2022 as compared to the financial year 2020 (Profit ₹ 23 crores).

    The company will raise ₹1500 crore through IPO, out of which fresh issue of ₹1300 crore and offer for sale of ₹250 crores. The IPO of Penna Cement Industries will be listed on NSE and BSE. Although the price band, issue size, lot size has not been officially announced. The information given is based on DRHP filed by Star Health Insurance.
    Read About Keveneter Agro IPO.

    What is Penna Cement IPO GMP Today?
    Penna Cement IPO GMP is ₹0.

    What is the Penna Cement IPO Date?
    Penna IPO Date is January 2022.

    What is Penna Cement IPO Expected Return?
    Penna Cement IPO Expected Returns is -%.

    About Penna Cement

    Penna Cement Ind was established in 1991. Since then the company has established itself as one of the most trusted cement brands. Penna Cement has a significant reach mainly in the south and west of India. The company's clients include small homeowners, organized real estate developers, various state governments, and global construction majors. Penna Cement Industries is one of the largest privately held cement companies in India in terms of capacity (10 million tonnes per annum).
    Penna cement Industries IPO
    Penna Cement has 4 integrated manufacturing facilities and 2 grinding units spread across the states of Andhra Pradesh, Telangana, and Maharashtra in the South of India. With which the total cement production capacity of the company is about 10.00 million tonnes per annum. And the company is planning to increase its capacity to 16.00 million tonnes per annum.

    The company's distribution network is also very good. The company has access by road, railway, and sea to several markets including Bengaluru, Hyderabad, Chennai, Mumbai, Pune, and Cochin. The promoters of the company are P. Pratap Reddy, Pioneer Builders, and PR Cement Holdings Ltd., etc.

    Website: Penna Cement
    RHP: Penna Cement Industries RHP

    Purpose of the offer 

    • The company seeks to finance its working capital requirements.
    • To repay or prepay certain unsecured loans taken by the company from banks and other financial institutions.
    • To serve the general corporate purpose.

    Penna Cement GMP Today (Grey Market Premium)

    [!Note:- Penna Cement IPO GMP not started yet.]
    DATEGMPKOSTAKSubject to Sauda

    Penna Cement IPO Date and  Price Band Details

    Penna Cement IPO open date: January 2022, Closing date: January 2022, and Listing date: January 2022. The price band of Penna Cement IPO is ₹- to ₹- per share. Penna Cement IPO issue size is Rs 15,50 crores. Penna Cement Ipo retails portion is -%, QIB Portion is -%, and NII Portion -%.

    IPO Open:January 2022
    IPO Close:January 2022
    Listing Date:January 2022
    Listing On:NSE & BSE
    IPO Size:Approx ₹1550 Cr.
    Fresh Issue:Approx ₹- cr.
    Offer For Sale:Approx ₹- cr.
    Price Band:₹- to ₹- per share
    Face Value:₹ per equity share
    Equity:-- Shares
    Retail Portion:-%

    Penna Cement IPO Market Lot & Size

    Penna Cement IPO's minimum lot size is - shares with ₹- application amount and the maximum lot size is - shares with ₹- application amount.

    Minimum Lot:1
    Minimum Lot Size:Shares
    Minimum Amount:₹-
    Maximum Lot:To be Updated
    Maximum Lot Size:Shares
    Maximum Amount:₹-

    Penna Cement IPO Allotment & Listing Date

    Ipo Opening Date:January 2022
    IPO Closing Date:January 2022
    Basis of Allotment:January 2022
    Refund Date:January 2022
    Credit to Demat Account:January 2022
    Listing Date:January 2022

    Penna Cement IPO Review

    HappiestPost View: To be updated.
    Anil Singhvi Review: To be updated.

    Brokerage Firm IPO Reviews

    • Motilal Oswal: To be updated
    • ICICI Securities: To be updated
    • Capital Market: To be updated
    • Ventura Securities Limited: To be updated
    • GEPL Capital Ltd: To be updated soon

    [ ! Note:- Not Rated Yet ]Updated Soon

    Penna Cement Ipo Review

    Review For Listing Gain

    Review For Short term

    Review For Long term


    • Penna Cement has a strong brand and wide distribution network in South India.
    • The company has integrated manufacturing facilities in South India which gives the company access to major markets of South, West, and East India.
    • The company is well-positioned to benefit from the growth in the cement industry, with the company making a profit of ₹152 crores in March 2020.
    • If we look at the operating and financial performance of the company, the company itself has done well in both places.
    • The company has experienced promoters and a management team.


    • The cement industry was hit hard in FY 2020 due to the COVID-19 pandemic.
    • There are many big players in the field of cement production, due to which the company is facing stiff competition.
    • The cement industry depends on the infrastructure development of the country.
    • Many big players like UltraTech Cement, ACC Cement, JK Cement, Wonder Cement, etc. are already in the market, from which the company can face a lot of competition.

    Penna Cement Financials

    Penna Cement Financials (in Crores)

    YearTotal AssetsRevenueProfit


    The promoters of the company are:
    • P R Cement Holdings Ltd.
    • P. Prathap Reddy
    • Pioneer Builders

    Penna Cement IPO Registers

    KFin Technologies Private Limited
    Selenium, Tower B Plot No - 31 and 32,
    Financial District, Nanakramguda Serilingampally
    Hyderabad 500 032 Rangareddi, Telangana
    Tel: +91 40 6716 2222
    E-mail: pennacement.ipo@kfintech.com
    SEBI r egistration no : INR000000221

    Lead Managers

    • Axis Capital Limited
    • ICICI Securities  Limited
    • JM Financial Limited 
    • YES Securities (India) Limited
    • Edelweiss Financial Services Limited

    Company Address

    Penna Cement Industries Ltd.
    H.No. 8-2-268/A/1/S & S1,
    Plot No. 705, Road No. 3,
    Banjara Hills, Hyderabad 500034
    Contact Person: Raj Kumar Singh
    Company Secretary and Compliance Officer
    Tel: +91 40 4456 5100
    Company E-mail:cs@pennacement.com
    Company Website: www.pennacement.com


    Penna Cement Industry is one of the largest cement manufacturing companies in India. The company has also done well in production and finance as well. The company has a good hold in the South of India. If you are thinking of investing money in the cement industry, then this company can prove to be good for you. If you see the financial condition of the company then it is good. The Company's EBITDA has grown at a CAGR of 24.63% and Profit 33.65% from FY 2019 to FY 2022. The company had a profit of 23 crores in the financial year 2020, while in the financial year 2022 the company had a profit of 152 crores.

    Penna Cement IPO FAQs

    What is Penna Cement IPO GMP Today?
    Penna Cement IPO GMP is ₹0 as of today.

    What is the Penna Cement IPO Opening Date?
    Penna Cement IPO Opening date is January 2022.

    What is the Penna Cement IPO Closing Date?
    Penna Cement IPO Closing date is January 2022.

    What is the Penna Cement IPO Listing Date?
    Penna Cement IPO Date is January 2022.

    What is Penna Cement IPO Kostak Rate?
    Penna Cement IPO Kostak rate is ₹0.

    What is Penna Cement IPO Expected Returns?
    Penna Cement IPO Expected Returns is -%.

    Read More:

    For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.  

    How to Apply the Penna Cement Ltd IPO with Zerodha?

    1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO. 
    2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO. 
    3. You will see the IPO name "Penna Cement". 
    4. Then, Click on Bid Button.
    5. Then, Enter your UPI ID.
    6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.) 
    7. Then Submit the IPO Application Form. 
    8. Now go to your UPI App (PhonePe, Google Pay, etc)  or BHIM App to Approve the mandate.

    !Note:- Penna Cement IPO official details not yet announced. We will update you when the final details of the Penna Cement IPO are announced. As of today, the IPO Grey Market Premium (Penna Cement IPO GMP) has not started. You can visit our page for daily Penna Cement IPO grey market premium and Other important updates.


    (x). We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.

    (y). Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.

    (z). Do not decide to subscribe to an IPO solely based on GMP (Grey market premium), as this may change at any time before listing. Do research about the fundamentals and financial details of companies before subscribing.

    We hope you like this article about Penna Cement IPO. If you have a query about Penna Cement IPO Please post a comment. 

    Thanks For Visiting & Happy Investing.

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