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Paint manufacturing company Techno Paints plans to file its draft red herring prospectus with the capital market regulator SEBI for its IPO. The IPO size, pegged at ₹500 crores, is expected to hit markets in the next financial year. The company has roped in legendary cricketer Sachin Tendulkar as its brand ambassador.

Techno Paints IPO opens on [TBA] and closes on [TBA]. The allotment of shares will take place on [TBA]. The credit of shares to the Demat account will take place on [TBA]. The initiation of refunds will take place on [TBA].

The listing of shares will take place on [TBA]. The lot size of shares in the IPO is [TBA]. The minimum investment amount required by a retail investor is ₹ [TBA] based on the upper price. The minimum lot for retail investors in this IPO is [TBA]. Techno Paints was started in 2001 by Srinivasa Reddy Akuri. In the early days, the company focused on decorative paints and painting services for a few well-known builders. It was a small beginning, but the work spoke for itself. Over the years, it has grown and earned the trust of the construction industry. Today, it is known for doing quality work, meeting commitments, and finding better ways to serve its clients.

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India’s paints and coatings market is growing fast. In 2025, it is valued at about USD 10.46 billion. By 2030, it is expected to touch USD 16.38 billion. This shows steady growth over the next few years.

One big reason for this growth is construction. India is now the third-largest construction market in the world, and this means more homes, offices, and public buildings that need paint. At the same time, the auto sector is slowly picking up again. Demand is also rising for waterproofing solutions and for furniture made for export.

Techno Paints was started in 2001 by Srinivasa Reddy Akuri. In the early days, the company focused on decorative paints and painting services for a small group of well-known builders. Today, it has grown into a dependable name that people trust for quality and consistency.

Techno Paints is known for its high standards and personal service. The company works across homes, offices, factories, and hotels, offering solutions that suit each space and purpose. Every project is handled with care, keeping both looks and long-term performance in mind.

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  • IPO Registrar: TBA
  • Book Running Lead Manager: TBA

Techno Paints makes different kinds of paints for everyday and professional use. This includes decorative paints for homes, industrial paints for factories, and special paints made for specific needs. The company offers a very wide choice of colours, with more than 3,000 shades available. Because of this, customers can easily find a colour that matches their taste, style, or project requirement.

The revenue from operations of Techno Paints increased from ₹34.0126 crores in FY 21 to ₹53.3736 crore in FY 22. Also, it earned revenue of ₹210 crores in 2024-25. It anticipates to earn ₹450 crores in the current financial year.

Right now, Techno Paints is active in several parts of India. These include Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh.

By the end of this year, it wants to enter new states such as Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh. After that, the company is aiming to take its services outside India and move into the Middle East during 2026–27.

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To apply for this IPO:

  • Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.

The Techno Paints IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Techno Paints IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Techno Paints IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Techno Paints IPO has been fixed at ₹[-] per equity share.

You can apply for the Techno Paints IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Techno Paints IPO allotment will take place on [-].

You can check the Techno Paints IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Techno Paints shares will list on the stock exchanges on [-].

Akuri Srinivas Reddy is the Chairman of Techno Paints

You can read more about Techno Paints and its IPO from the company’s draft red herring prospectus here.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.