Penna Cement Industries Ltd IPO

India is the second-largest cement-producing country. India’s cement industry is likely to witness a healthy growth trend in the coming years’ on-demand revival in the post-Covid-19 era. Infrastructure development with new roads, highways, and freight corridors and the boost to affordable housing in the recent budget.

Against this backdrop, Penna Cements, a Hyderabad-based cement manufacturing company, has filed a draft red herring prospectus (DRHP) with SEBI to come up with an Initial Public Offering…read more