Also, the company may mop up Rs 48 crore in pre-IPO placement round. If such placement is carried out, fresh issue size will be reduced.
Proceeds from the fresh issue to the tune of Rs 182.09 crore will be used for investment in its subsidiary Taylias Industry Private Limited for financing its capital expenditure requirements for the greenfield project in relation to the manufacturing of PVC-based products.
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.
According to Wazir report, US imports of PVC blend-based building materials grew at a compound annual growth rate (CAGR) of 6 per cent to USD 6.2 billion on March 31, 2024 from USD 4.9 billion on March 31, 2020.
During the same period, India’s exports of these materials to the US increased from USD 47 million (1 per cent of total US imports) to USD 144 million (2.3 per cent of total US imports), with a CAGR of 32 per cent, the report added. Motilal Oswal Investment Advisors and Equirus Capital are the book-running lead managers to the issue.