InvestorQ : Can you tell me about the IPO of Skanray Technologies?
Katherine Gonsalves made post

Can you tell me about the IPO of Skanray Technologies?

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rhea Babu answered.
6 months ago
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The latest to file a draft prospectus with SEBI for an IPO is Skanray Technologies Ltd. The company manufactures medical devices like X-ray devices and ICU ventilators. The proposed issue size is estimated to be around Rs.400 crore, which will be a mix of fresh issue and offer for sale.

The offer for sale will provide partial exit to private equity investor, Ascent Capital. Skanray operates two US FDA-approved manufacturing facilities located at Mysuru, in Karnataka and in Bologna in Italy. The IPO is expected to happen in the next couple of months and the company is already a profit making company in a niche market.

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