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IPO Funds Fuel Expansion: Capacity Boost Incoming
30 Jan
Summary
- IPO allotment is expected on February 2, 2026.
- Net proceeds will fund machinery for capacity expansion.
- Working capital needs and general corporate purposes also funded.
The IPO allotment is anticipated on Monday, February 2, 2026, with shares to be distributed to successful applicants on Tuesday, February 3. Non-allottees will receive their refunds on the same day. The company's stock is slated for listing on the BSE SME, with a tentative listing date of Wednesday, February 4, 2026.
The net proceeds from the IPO are primarily designated for capacity expansion and operational enhancement. A substantial portion, around ₹4.22 crore, will be invested in purchasing machinery to increase automation at the existing manufacturing unit. Furthermore, approximately ₹8.03 crore has been allocated for acquiring machinery to establish a new manufacturing setup.
The company also intends to allocate ₹5.50 crore to address its working capital requirements. The remaining funds will be utilized for general corporate purposes, thereby supporting broader business operations and growth strategies.
