Synopsis : Time Technoplast launches QIP with floor price ₹211.70 to raise capital, mainly towards debt reduction, capex expansion, scaling higher value composite products, automation upgrades and supporting growth, working capital and other corporate needs.

This company is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products is now in the spotlight after it launched QIP with floor price of Rs. 211.70 per share.

With market capitalization of Rs. 9,533 cr, the shares of Time Technoplast Ltd closed at Rs. 209.64 per share, from its previous close of Rs. 209.14 per share. The stock has corrected nearly 15% year-to-date, and in the last one month alone it has delivered a negative return of around 5%.

About QIP

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