Telangana-based Techno Paints ne **₹500 Crore** ke IPO ke liye SEBI ke paas papers file kar diye hain. Isme **₹325 Crore** naye shares aur **₹175 Crore** ka Offer-for-Sale (OFS) shamil hai. Company ab apne painting services business ko expand karke khud manufacturing hub banane wali hai.
IPO ka Math aur Plan
Techno Paints ne SEBI ke paas ₹500 Crore ka IPO launch karne ke liye documents submit kiye hain. Ismein ₹325 Crore ka fresh issue aur ₹175 Crore ka OFS hai, jahan promoters Akuri Srinivasa Reddy aur A Sandhya apne shares bechenge. Company ₹65 Crore tak ka pre-IPO round bhi plan kar rahi hai, jisse fresh issue ka size thoda kam ho sakta hai.
Kya hai business model?
Abhi tak company 'turnkey painting solutions' mein hai, yaani bade real estate projects (jaise Prestige Group aur APR Group) ke liye paint supply aur application handle karna. Ab IPO ke paison se company ek greenfield manufacturing unit lagane wali hai. Isse unki capacity 234,000 MTPA (powder paints) aur 31,200 KLPA (liquid products) tak jaane ki umeed hai.
Financials aur Risks
Company ne achha grow kiya hai. March 2026 tak net profit ₹37.8 Crore raha, jo pichhle saal sirf ₹16.65 Crore tha. Revenue bhi 68.4% badh kar ₹350.5 Crore ho gaya hai. Order book bhi strong hai, jo ₹994.7 Crore par khadi hai.
Lekin dhyan rahe, ye business real estate sector par bahut depend karta hai. Saath hi, Asian Paints, Berger Paints aur Kansai Nerolac jaise giants se competition kaafi tough hai. Service model se manufacturing model mein shift hona ek risky step ho sakta hai, aur raw material ki kimatein crude oil se juddi hain, jo margins ko affect kar sakti hain. Anand Rathi Advisors is IPO ko manage kar rahe hain.