Emami Cement files IPO prospectus

Emami Cement has filed a prospectus with market regulator Sebi to raise up to INR10bn through an IPO, according to a document on issue manager manager Axis Capital’s website.

"The Initial Public Offering of equity shares of face value INR10 each of Emami Cement Ltd for cash. The offer comprises of a fresh issue of equity shares aggregating up to INR500cr and an offer for sale (OFS) of equity shares aggregating up to INR500cr," it states.

The IPO will include shares offered by founders group, selling shareholders, according to a report in Indiainfoline News Service.

IIFL Holdings, Axis Capital, CLSA India, Edelweiss Financial, and Nomura Financial will be the book-running lead managers (BRLMs) to the offer, while Karvy Computershare will be the registrar.