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of <h1>Engineering and manufacturing firm launches INR 42.53 crore IPO for machinery, R&D, working capital; IPO Sep 8-10, 2025</h1> An engineering and manufacturing company focused on sand, aggregates and spare parts for construction and mining has opened an initial public offering to raise up to INR 42.53 crore via 24,87,200 equity shares (face value INR 10) at a price band of INR 162-171 per share, to be listed on the emerging board of the national stock exchange. Anchor bids open Sep 4, 2025; the IPO runs Sep 8-10, 2025. Allocation caps and minimums are set for anchor, QIB, non-institutional, individual and market-maker tranches. Net proceeds will fund machinery and R&D acquisitions, working capital and general corporate purposes. A merchant banker acts as book-running lead manager and underwriter; designated market makers and a registrar are appointed.
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