Also, the company raised a pre-IPO placement round of Rs. 48 crores can be collected. If such a placement is undertaken, the size of the fresh issue will be reduced.
From fresh issue Rs. The proceeds of up to 182.09 crore will be used for investment in its subsidiary Telius Industries Pvt Ltd to finance its capital expenditure requirements for greenfield projects related to manufacturing of PVC based products.
Kumar Arch Tech offers a wide range of products, classified into three categories — boards/sheets and their derivatives such as trimboards, doors and wall ceiling panels and columns; profiles including moldings and door frames; and solve the clue.
According to Wazir’s report, US imports of PVC composite-based building materials increased from USD 4.9 billion on March 31, 2020 to USD 6.2 billion on March 31, 2024 at a compound annual growth rate (CAGR) of 6 percent.
During the same period, India’s exports of these materials to the US increased from USD 47 million (1 percent of total US imports) to USD 144 million (2.3 percent of total US imports) with a CAGR of 32 percent. Report added.
Motilal Oswal Investment Advisors and Equirus Capital is the book-running lead manager of the issue.
(You can now subscribe to our ETMarkets WhatsApp channel)