Corporate News | Madhur Iron & Steel Secures 10.85 Crores in Pre-IPO Round, Garnering Support from Key Investors Including Ankit Mittal, Planify Capital, VPK Global Ventures Fund
Get latest articles and stories on Corporate at LatestLY. Raipur (Chhattisgarh) [India], April 4: Madhur Iron & Steel Ltd, strategically located in Bhilai, has successfully concluded its private placement funding round, raising 10.85 crores. The round saw significant participation from esteemed investors, including Ankit Mittal, Planify Capital, Rajkot-based VPK Global Ventures Fund, and Persistent Growth Fund.
VMPL
Raipur (Chhattisgarh) [India], April 4: Madhur Iron & Steel Ltd, strategically located in Bhilai, has successfully concluded its private placement funding round, raising 10.85 crores. The round saw significant participation from esteemed investors, including Ankit Mittal, Planify Capital, Rajkot-based VPK Global Ventures Fund, and Persistent Growth Fund.
Led by Jayant Aggarwal and his younger brother Umang Aggarwal, Madhur Iron & Steel is renowned for its advanced manufacturing technologies, stringent quality assurance measures, and commitment to environmental sustainability, delivering Indian and International grade Angles, Rods, Flats, and Channels, including British and American standards. The company's dedication to excellence has positioned it as a leader in the industry, catering to the diverse needs of its esteemed clientele like PowerGrid, Zetwork, Kalpatru Power, and Indian Railways.
The successful completion of the pre-IPO funding round underscores the confidence in Madhur Iron & Steel's business model and growth prospects. This strategic infusion of capital will fuel the company's expansion initiatives, enhance manufacturing capabilities, and strengthen its market presence. Madhur Iron and Steel is eyeing to hit the capital markets to launch its IPO later in the year.
CEO Jayant Aggarwal expressed gratitude for the overwhelming support from investors, stating, "We are thrilled to have secured this significant investment, which reaffirms our position as a key player in the industry and propels us towards our ambitious growth objectives."
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)