Technopaints And Chemicals Files DRHP For Rs 500 Crore IPO; Plans To Fund New Plant, Working Capital
A ipo & listings development with market-wide reach.
· NDTV Profit
The company may also raise up to Rs 65 crore through a pre-IPO placement before filing the Red Herring Prospectus with the Registrar of Companies.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.
Related coverage
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP
Indus Towers gains 4% after CLSA upgrade to #39;buy#39; on Voda Idea FPO