MUMBAI: Leading player in the security industry, Topsgrup plans to hit the capital market with an initial public offer (IPO) of around Rs 300 crore next year, a top company official said.

"We are looking at raising around Rs 300 crore through an IPO next year to fund our acquisition plans abroad," Topsgrup Managing Director Ramesh Iyer, said.

The company was looking at acquiring companies in the US and India, Iyer said.

The company has already acquired a company in the UK and one in Bangalore in the recent past.

Commenting on the company's capex plans, Iyer said "Our business is not highly capital intensive and funds are used for equipment and setting up infrastructure only."

Over the last three years, Topsgrup has grown at a Compounded Annual Growth Rate (CAGR) of 45 per cent, higher than the industry which is growing at a CAGR of 22%.

In 2008-09, Topsgrup crossed revenues of Rs 876 crore and is poised to achieve revenue of Rs 1,400-crore by FY 11 through an effective combination of aggressive organic growth combined by strategic inorganic acquisitions within India and other countries around the globe.