SIRCA Paints India is a big name in the industry of Paints and they have decided to take a step to raise INR 78 Crore through Initial Public Offering (IPO). The price band is fixed INR 151-160 per equity share and estimated to raise around INR 78 Crore. The IPO will open on next Wednesday (May 16) & close on May 18, a statement given by SIRCA Paints.

The IPO committee of SIRCA Paints has finally set the allocation of approx. 48.69 lacs equity shares and the price band of INR 151-160 / share. This IPO will be listed on NSE.

The Objective behind the IPO:

• Finance the Expenditure of the plant development
• Meeting Capital Requirements
• Purchase of Machinery and Plant

About SIRCA Paints India:

SIRCA Paints is a Delhi based company, incorporated in 2017 and engaged in Marketing & distributor/trading of paints and allied products. The branches are in Chennai and Mumbai too.