Techno Paints plans to raise Rs 500 crore via IPO in FY27
HYDERABAD: Paints manufacturer Techno Paints and Chemicals, a Hyderabad-based paints manufacturer, is planning to raise Rs 500 crore through an initial public offering (IPO) by 2026-27, its chairman and managing director Akuri Srinivas Reddy said on Saturday.He said the company will be filing its draft red herring prospectus (DRHP) with the capital markets regulator Securities & Exchange Board of India (Sebi) in 2026-27 and expects to wrap up the IPO within the same financial year.The company, which has roped in Master Blaster Sachin Tendulkar as its brand ambassador for three years, is also looking at expanding its footprint nationwide from just eight states currently, he said, adding that plans are also afoot to enter the Middle East market in 2026-27.It already has a presence in Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh and plans to expand to Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh by the end of this year.The company, which clocked revenues of Rs 210 crore in 2024-25, expects to post a Rs 450 crore turnover in the current fiscal and is targeting Rs 2000 crore by 2029-30, he added.“The Indian paint industry, which stands at around Rs 90,000 crore, is growing at a rate of 5-9% annually. The per capita consumption of paints worldwide is 15 litres per year while in India it is 4.5 litres offering immense potential,” Reddy said.Techno Paints, which manufactures decorative, industrial and specialty paints, has its research and development centre in Hyderabad and its manufacturing plant at Pashamylaram on the outskirts of Hyderabad.
