India: Penna Cement Industries seeks to raise $206.6m via IPO

India: Penna Cement Industries seeks to raise $206.6m via IPO

Photo: Bloomberg

Penna Cement Industries Ltd on Friday filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise nearly 1,550 crore through an initial public offering (IPO).