Finally, Emami Cement Ltd has got an approval from the market regulator SEBI (Securities and Exchange Board of India) and the company is planning to launch IPO (Initial Public Offer) in the upcoming six months. This company is looking to raise INR 1,000 crore through IPO that comprises fresh issuance of equity shares worth INR 500 cr. & remaining amount will be set for an offer for sale from current promoters.

Emami officials declined to speaks anything about the timeline and valuation of the issue. Emami Cement operates 3 manufacturing plants at Panagarh in West Bengal, Risda in Madhya Pradesh & Bhabua in Bihar with a capacity of 5.6 million tonnes.

The combined installed capacity will be more than 9 million tonnes in the nearer future.