IPO
Sebi clears IPO of advanced industrial machinery maker Mehta Hitech Industries
Ahmedabad-based Mehta Hitech Industries , a manufacturer of CO2 laser equipment, fibre laser equipment, CNC routers, and digital printers, plans to launch a public issue comprising solely a fresh issue of 62 lakh shares, with no offer-for-sale (OFS) component.The company intends to use the proceeds from the fresh issue for setting up a new manufacturing facility at Sanand GIDC in Gujarat and for meeting its long-term working capital requirements.
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