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Techno Paints Files for Rs 500-Crore IPO with SEBI to Fund Expansion
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Moneycontrol•29-09-2026, 19:17
Techno Paints Files for Rs 500-Crore IPO with SEBI to Fund Expansion
- •Techno Paints, a Telangana-based paint solutions provider, has filed a draft red herring prospectus (DRHP) with SEBI for a Rs 500-crore IPO.
- •The IPO includes a fresh issue of Rs 325 crore and an offer-for-sale (OFS) of Rs 175 crore by existing shareholders.
- •The company plans to use Rs 149.1 crore from the fresh issue to establish a new greenfield manufacturing and innovation facility, and Rs 80 crore for working capital.
- •Techno Paints, promoted by Akuri Srinivasa Reddy and A Sandhya, provides turnkey paint solutions for real estate developers and sells products directly to B2B customers and through franchisees.
- •The company reported a profit of Rs 37.8 crore and revenue of Rs 350.5 crore for the year ended March 2026, with an order book of Rs 994.7 crore as of July 2026.
Key Questions Answered
Techno Paints plans to raise Rs 500 crore through its initial public offering, which includes a fresh issue of Rs 325 crore and an offer-for-sale worth Rs 175 crore by existing shareholders.
The company plans to utilize Rs 149.1 crore to set up a greenfield paints manufacturing and innovation facility, about Rs 80 crore for incremental working capital needs, and the remaining funds for general corporate purposes.
Techno Paints is promoted by Akuri Srinivasa Reddy and his wife, A Sandhya, while Anand Rathi Advisors has been appointed as the sole merchant banker for the IPO.
