06 February 2025, 03:18 PM
Kumar Arch Tech has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO is a mix of fresh issuance of shares worth Rs 240 crore, and an OFS of Rs 500 crore by promoters.
Proceeds from the fresh issue to the tune of Rs 182.09 crore will be used for investment in its subsidiary Taylias Industry for financing its capital expenditure requirements for the greenfield project in relation to the manufacturing of PVC-based products. Motilal Oswal Investment Advisors and Equirus Capital are the book-running lead managers to the issue.
Kumar Arch Tech offers a wide range of products, classified into three categories -- board/sheets and their derivatives such as trimboards, doors, and wall ceiling panels and columns; profiles which comprise mouldings and door frames; and signage solutions.