Emami Cements Files For 1000 Crore IPO

Emami Double Bull Cement

Emami Ltd. is the flagship company of the Kolkata-based Emami Group. Emami Ltd., founded in 1974 by Mr R S Agarwal and Mr R S Goenka, is one of India's leading FMCG companies engaged in manufacturing & marketing of personal care & healthcare products. With around 300 diverse products, Emami's portfolio includes India's most trusted power brands. 

The Group is setting up a 4 MTPA Cement Plant in Chhattisgarh with two split grinding units in West Bengal and Odisha at a total investment of around Rs. 3000 crore. The Group also plans to set up cement plants in Rajasthan and Andhra Pradesh.

The company plans to issue fresh equity shares worth Rs 5 billion through the IPO. Another Rs 5 billion worth of shares belonging to the promoter group will be sold in the IPO. The issue proceeds will be used for repayment of debt and for general corporate purposes. IIFL Holdings, Axis Capital, CLSA India, Edelweiss and Nomura (India) are handling the IPO.

Emami Cement has an installed manufacturing capacity of 5.6 million metric tonne per annum (MMTPA). At present, the company operates three manufacturing plants and is in the process of setting up another plant. The new plant will increase the company's installed capacity to 9.3 MMTPA of cement and 3.2 MMTPA of clinker by April 2019, it said in a release.

Emami Cements markets its cement ubder the brand name Double Bull.

Emami Double Bull PPC

Emami Double Bull PPC PROCEM

Emami Double Bull PSC

Emami Double Bull OPC-53 

Emami Double Bull OPC-43

Emami Master Premium Cement

are the individual brand manes and types of cement Emami markets.

For the three months ended June 30, 2018, ECL had a market share of five per cent in terms of cement sales volume, while its installed cement manufacturing capacity represented six per cent of the total installed capacity in eastern India.