New Delhi, May 23 -- Kanodia Cement Limited, one of India's fastest-growing cement manufacturers, has taken a significant step towards entering the public markets. The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed Initial Public Offering (IPO). According to the regulatory filing dated May 23, 2025, the issue will consist entirely of an Offer For Sale (OFS) of 1.49 crore equity shares, with no fresh issue component, meaning the company itself will not receive any proceeds from the offering.

As per the DRHP, the IPO will allow existing shareholders-including promoters and promoter group entities-to offload part of their holdings. The selling shareholders in...