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Technopaints Files ₹500 Crore IPO Draft With Growth Plans
Technopaints wants to sell shares to the public.
It could raise as much as ₹500 crore.
Some money will come from new shares issued by the company.
The rest will come from existing shareholders selling their shares.
The company plans to build a new paints facility and support its daily operations.
It makes and applies paints for many types of buildings.
Most of its project revenue comes from Telangana, and many sales come from its biggest customers.
Investors will need to consider these risks before deciding whether to buy the shares.
Technopaints and Chemicals has filed a draft prospectus for an IPO of up to ₹500 crore.
The issue includes a ₹325 crore fresh share sale and a ₹175 crore offer for sale.
The company plans to use ₹149 crore for a manufacturing and innovation facility and ₹79.99 crore for working capital.
Technopaints reported FY26 revenue of ₹351 crore, net profit of ₹37.78 crore and an order book of ₹995 crore.
The filing highlights risks from Telangana concentration, major-customer dependence, raw-material costs and fixed-price contracts.
- Who
- Technopaints and Chemicals Ltd, its promoters and other existing shareholders.
- What
- The company filed a draft red herring prospectus for a proposed IPO worth up to ₹500 crore.
- Where
- The company’s existing facilities and proposed new plant are in Telangana, and the shares are proposed to list on the NSE and BSE.
- When
- The filing reports FY26 financial results and an order book measured as of July 31; the IPO subscription date was not stated.
- Why
- The company plans to fund a new paints manufacturing and innovation facility, provide additional working capital and meet general corporate needs.
Key facts
- Proposed IPO size
- Up to ₹500 crore
- Fresh issue
- ₹325 crore
- Offer for sale
- ₹175 crore
- Manufacturing facility allocation
- ₹149 crore
- Working capital allocation
- ₹79.99 crore
- FY26 revenue and profit
- ₹351 crore revenue and ₹37.78 crore net profit
- Order book
- ₹995 crore as of July 31









