കുമാര്‍ ആര്‍ച്ച് ടെക് ലിമിറ്റഡ് ഐപിഒയ്ക്ക്
konnivartha.com/ കൊച്ചി: പിവിസി2 മിശ്രിതം അടിസ്ഥാനമാക്കിയുള്ള കെട്ടിട നിര്‍മാണ സാമഗ്രികളുടെ ഇന്ത്യയിലെ ഏറ്റവും വലിയ ഉല്‍പാദകരും കയറ്റുമതിക്കാരുമായ കുമാര്‍ ആര്‍ച്ച് ടെക് ലിമിറ്റഡ് പ്രാഥമിക ഓഹരി വില്‍പനയ്ക്ക് (ഐപിഒ) അനുമതി തേടി സെബിയ്ക്ക് കരടുരേഖ (ഡിആര്‍എച്ച്പി) സമര്‍പ്പിച്ചു.
രണ്ട് രൂപ മുഖവിലുള്ള ഇക്വിറ്റി ഓഹരികളുടെ ഐപിഒയിലൂടെ 740 കോടി രൂപ സമാഹരിക്കാനാണ് കമ്പനി ലക്ഷ്യമിടുന്നത്. 240 കോടി രൂപയുടെ പുതിയ ഇക്വിറ്റി ഓഹരികളും നിലവിലുള്ള നിക്ഷേപകരുടെ 500 കോടി രൂപയുടെ ഇക്വിറ്റി ഓഹരികളുടെ ഓഫര്‍ ഫോര്‍ സെയിലുമാണ് ഐപിഒയില്‍ ഉള്‍പ്പെടുത്തിയിരിക്കുന്നത്. ഓഹരികള്‍ എന്‍എസ്ഇയിലും ബിഎസ്ഇയിലും ലിസ്റ്റ് ചെയ്യും.
മോത്തിലാല്‍ ഓസ്വാള്‍ ഇന്‍വെസ്റ്റ്മെന്‍റ് അഡ്വൈസേഴ്സ് ലിമിറ്റഡ്, ഇക്വിറസ് ക്യാപിറ്റല്‍ പ്രൈവറ്റ് ലിമിറ്റഡ് എന്നിവരാണ് ഐപിഒയുടെ ബുക്ക് റണ്ണിങ് ലീഡ് മാനേജര്‍മാര്‍.
KUMAR ARCH TECH LIMITED FILES DRHP WITH SEBI FOR UP TO Rs.740 CRORE IPO
konnivartha.com: Kumar Tech Limited, the largest manufacturer and exporter of PVC2 blend-based building
material products in India, in terms of value as of March 31, 2024 according to Wazir Report
has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and
Exchange Board of India (“SEBI”).
The Company plans to raise funds through offer of equity shares (face value ₹2 each)
through initial public offerings aggregating up to ₹7400 million (₹740 Crore).
The offer comprises of fresh issue of equity shares aggregating up to ₹2400 million (₹240
crore) (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹5000
million (₹500 Crore) (The “Offer for Sale”).
The Company proposes to utilize the Net Proceeds towards funding – (i) Investment in
wholly owned Subsidiary, TIPL for financing its capital expenditure requirements for the
greenfield project in relation to the manufacture of PVC based products estimated amount
to be ₹1820.92 million [₹ 182.09 crores] and balance amount towards general corporate
purposes. (The “Object of Issue”)
The Equity Shares that will be offered through the Red Herring Prospectus are proposed to
be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).
(The “Listing Details”)
Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited are the Book
Running Lead Managers to the issue. (The “BRLMs”)
The company provides a wide range of products, classified into three categories, (i)
board/sheets and their derivatives such as trimboards, doors, and wall ceiling panels and
columns, (ii) profiles which comprise of mouldings and door frames, (iii) and signage
solutions.
About The Company:
Kumar Arch Tech is the largest manufacturer and exporter of PVC2 blend-based building
material products in India, in terms of value, as of March 31, 2024. The Company is one of
the pioneers in the PVC blend-based building material products industry in India, have
diversified its product offering along with innovation and quality well suited to meet the
requirements of international and Indian markets (Source: Wazir Report).
The company commanded 18% market share in the PVC blend-based building material
products industry in India as of March 31, 2024, (Source: Wazir Report)
The company provides a wide range of products, classified into three categories, (i)
board/sheets and their derivatives such as trimboards, doors, and wall ceiling panels and
columns, (ii) profiles which comprise of mouldings and door frames, (iii) and signage
solutions. The company believes that “ECHON” has become a trustworthy brand among its
customers, both in domestic and international markets.
Disclaimer:
KUMAR ARCH TECH LIMITED is proposing, subject to applicable statutory and regulatory
requirements, receipt of requisite approvals, market conditions and other considerations, to
undertake an initial public offering of its Equity Shares and filed the DRHP with SEBI and the
Stock Exchanges on September 27, 2024. The DRHP shall be available on the website of SEBI
at www.sebi.gov.in, and is available on the websites of the Stock Exchanges i.e. BSE and NSE
at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company
at www.echon.co and on the website of the BRLMs, i.e. Motilal Oswal Investment Advisors
Limited and Equirus Capital Private Limited at www.motilaloswalgroup.com and
www.equirus.com, respectively. Any potential investors should note that investment in
equity shares involves a high degree of risk and for details relating to such risk, see ‘‘Risk
Factors’’ beginning on page 27 of the DRHP. Potential investors should not rely on the DRHP
filed with SEBI and the Stock Exchanges, and should instead rely on their own examination of
our Company and the Offer, including the risks involved, for making any investment decision.
This announcement does not constitute an invitation or offer of securities for sale in any
jurisdiction. The Equity Shares offered in the Offer have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any state
securities law in the United States, and unless so registered and may not be offered or sold
within the United States, except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the U.S. Securities Act and in accordance with
any applicable U.S. applicable state securities laws in the United States. Accordingly, the
Equity Shares are only being offered and sold outside the United States in “offshore
transactions” as defined in, and in reliance on Regulation S under the U.S. Securities Act and
the applicable laws of the jurisdiction where those offers and sales occur.