Royal Chain and Technopaints File IPOs to Raise ₹1,500 Crore
Royal Chain Ltd and Technopaints and Chemicals Ltd filed draft prospectuses with SEBI to raise a combined ₹1,500 crore through initial public offerings.
Jewellery manufacturer Royal Chain Ltd and paint solutions provider Technopaints and Chemicals Ltd have filed draft red herring prospectuses with the Securities and Exchange Board of India to raise a combined ₹1,500 crore.
Royal Chain seeks to raise ₹1,000 crore, which includes a ₹850 crore fresh issue intended to repay loans and a ₹150 crore offer for sale. The company operates a manufacturing facility in Mahape, Maharashtra.
Technopaints and Chemicals aims to raise ₹500 crore through a ₹325 crore fresh issue and a ₹175 crore offer for sale. The company reported fiscal 2026 revenue of approximately ₹350 crore and has appointed Sachin Tendulkar as its brand ambassador. Technopaints plans to use the proceeds to fund working capital and establish a greenfield manufacturing and innovation facility to consolidate its current operations in Telangana.
