BusinessTechnopaints Files DRHP for Rs 500 Crore IPO to Fund New Plant
Technopaints And Chemicals Limited has filed a Draft Red Herring Prospectus with SEBI to raise up to Rs 500 crore through an IPO. The issue includes a fresh share sale worth Rs 325 crore and an Offer for Sale of Rs 175 crore. Proceeds will fund a new manufacturing plant in Ibrahimpatnam, Telangana, and working capital needs. Promoters and other shareholders will sell shares.
NDTV Business·3h ago·Ibrahimpatnam


