Emami Cement Limited finally got a green signal from SEBI (security & Exchange Board of India) to launch an IPO (Initial Public Offering). According to company sources, the company will hit the IPO in the upcoming 6 months.

The company is looking forward to launching an IPO to raise fund around INR 1,000 crore which comprises fresh issuance of equity shares around INR 500 crore and remaining as an offer for sale from the promoters. However, the company representatives declined to speak about the timeline and valuation of the IPO.

Emami Cement Ltd operates 3 manufacturing units at Risda, MP, Bhabua in Bihar and Panagarh in West Bengal, having a total capacity of 5.6 million tonnes. The company is also going to set up a new cement grinding plant in Kalinganagar, Odisha.

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