Navran Advanced Nanoproducts Development (NAND) ipl says it will ship samples of its new polymerised toner to prospective customers by the end of April.
It has also revealed plans to raise around $150 million by Initial Public Offering by 2015 to increase capacity by 200 percent from 400 tonnes per annum to 1200 tonnes per annum.
The firm plans to fund this with an Initial Public Offering by 2014/2015, but this is dependent on the stock market and “what the valuation of the company looks like at the time”.
NAND ipl Co-founder and Executive Director Kumar Binit revealed that this may be worldwide, dependent on the growth of the chemical toner market. He said: “We will explore the options to set up the unit other than India which will be nearer to the largest markets for Chemical toner and by virtue of this we intend to give benefit to our partners and customers the benefit of timely supply of toner to reduce there inventory and transportation cost.”
The money will also go towards developing new products and marketing various Nano-Technology products. Binit added: “The majority of the funds which we raise will go towards chemical toner and also for commercializing other Nano products from the lab scale to commercial scale.
“We might also explore the backward integration of various print consumables business like opc drums/chips through joint ventures or mergers so that we are able to provide a complete package of high quality print consumables to our aftermarket customers.”