IPO
Machined components maker Millworks Tech to raise Rs.160-Cr via SME IPO
Mumbai-based Millworks Technologies plans to raise INR 160 crore through an initial public offering (IPO) on the BSE SME platform. Millworks is a manufacturer of high-accuracy machined components that services mission-critical industries.GYR Capital Advisors is serving as the book-running lead manager for the transaction.The company plans to use the net proceeds from the IPO to fund capital expenditure for the purchase of plant and machinery, to meet working capital requirements, and for general corporate purposes.
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