Madhur Iron & Steel files IPO papers to raise funds for repaying debt, capex, working capital
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Madhur Iron & Steel has filed for an IPO to raise funds for working capital, capital expenditure, and debt repayment. The IPO includes a fresh issue of 1 crore equity shares, with no offer-for-sale component. The company plans to allocate Rs 11.9 crore for debt repayment, Rs 75.8 crore for a new manufacturing unit, and Rs 35.3 crore for working capital. With a current borrowing of Rs 114.2 crore, Madhur Iron aims to expand its production capacity significantly. The company reported a profit of Rs 18.1 crore on revenue of Rs 339.6 crore for fiscal 2025.
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