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The Economic Times
The Economic Times

Ahead of IPO, Millworks Tech raises nearly Rs 44 cr from anchor investors

IPO Millworks Technologies BSE

Millworks Technologies, a manufacturer of high-accuracy machined components, on Monday raised nearly Rs 44 crore from anchor investors ahead of its initial public offering, which is scheduled to open for subscription on July 14.

In the anchor round, the Bengaluru-based company allocated 13.25 lakh equity shares at Rs 331 per share to nine entities, including Rajasthan Global Securities, Evergrow Capital Opportunities Fund and Inti Capital VCC - Inti Capital I, among others. The aggregated value of shares allocated to anchor investors stood at Rs 43.86 crore, according to a circular uploaded on the BSE's website.

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