G Surgiwear Files Draft IPO Papers to Raise Rs 740 Crore
2 hours agoBusiness
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1 SourcesShahjahanpur, India
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G Surgiwear Files Draft IPO Papers to Raise Rs 740 Crore

Surgical products manufacturer G Surgiwear has filed a draft document with SEBI to raise up to Rs 740 crore through an Initial Public Offering (IPO). The company plans to issue fresh shares worth Rs 370 crore, with promoter Ghanshyam Das Agarwal selling an equal amount via an offer-for-sale. G Surgiwear may also consider a pre-IPO funding round of up to Rs 74 crore. Proceeds will be used for machinery purchase, debt repayment, and general corporate purposes.

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