Techno Paints IPO: Telangana-based paint company Techno Paints and Chemicals is planning to raise Rs 500 crore through IPO in the next financial year (2026-27). Company sources gave this information on Saturday. Meanwhile, Techno Paints has also appointed former Team India opening batsman Sachin Tendulkar as its brand ambassador for a period of 3 years. Making Sachin its brand ambassador is expected to help the company expand its business across the country. The company said in a statement that by associating with ‘Master Blaster’ it aims to strengthen its national presence.
Company hoping to achieve big achievements this year with IPO
Akuri Srinivas Reddy, Chairman, Techno Paints & Chemicals, said, “We are honored to be associated with another Bharat Ratna, Sachin Tendulkar, one of the world’s most celebrated cricketers. We are looking forward to achieving great things this year with our business expansion and IPO and we couldn’t have a better ambassador or growth partner than him.”
Expected to generate revenue of Rs 450 crore in the current financial year
Let us tell you that before Sachin Tendulkar, Techno Paints and Chemicals had appointed famous South Film Industry actor Mahesh Babu as its brand ambassador in the year 2023, who played this role for 2 years. Akuri Srinivas Reddy said the company generated revenue of Rs 210 crore in fiscal year 2024-25 and is expected to generate revenue of Rs 450 crore in the current fiscal year. He further said that the company is moving ahead with a target of revenue of Rs 2000 crore by the financial year 2029-30.
The first IPO of the year has opened for subscription.
Let us tell you that the first IPO of this year has opened for subscription. The IPO of Bharat Coking Coal Limited (BCCL), a subsidiary of government coal company Coal India Limited, was opened on January 9 and will close on January 13. BCCL is going to raise Rs 1071 crore from this IPO, under which 46,57,00,000 shares will be issued through OFS. BCCL has fixed the price band of Rs 21-23 for each share with a face value of Rs 10 under its IPO. The company’s IPO has seen a bumper response from investors on the first day.
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