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About Ipo
Hemant Surgical Industries Limited is a Mumbai-based company that manufactures and sells surgical instruments and medical equipment. The company recently went public with its initial public offering (IPO) to raise funds for its expansion plans.
According to market analysts, the Hemant Surgical Industries Limited IPO was oversubscribed by 3.15 times, indicating strong investor demand. The company raised Rs. 95.40 crores through the IPO.
The company plans to use the funds raised from the IPO to expand its manufacturing facilities, increase its product portfolio, and repay its debt.
Overall, the Hemant Surgical Industries Limited IPO received a positive response from investors, indicating confidence in the company's growth prospects.