<h1>Railway safety component manufacturer launches 77.04 crore IPO priced at 71-75 rupees per share</h1> A metallurgical engineering company specializing in railway safety components opened its Initial Public Offering on June 27, 2025, seeking to raise 77.04 crore rupees. The company offers 1.02 crore equity shares priced between 71-75 rupees each, with listing planned on BSE SME platform. Share allocation includes portions for anchor investors, institutional buyers, retail investors, and market makers. The company evolved from a trading business to an RDSO-certified Class A vendor manufacturing over 25 essential railway components including braking systems and coupling attachments. IPO proceeds will fund new manufacturing facilities and general corporate purposes, with the issue closing July 1, 2025.