Medical device manufacturer Integris Medtech has received approval from SEBI to launch its initial public offering, paving the way for the company to raise nearly Rs.925 cr. from the capital markets. The Pune-based firm develops and manufactures advanced medical devices used in hospitals and healthcare facilities.
The IPO will include a fresh issue of shares along with an offer-for-sale by existing investors. The company intends to use the fresh capital for expanding manufacturing facilities, strengthening research capabilities and enhancing global distribution networks.
India’s medical device sector has been witnessing rapid growth as healthcare demand rises and domestic manufacturing gains policy support. Analysts believe companies operating in specialised medical technologies could attract strong investor interest during upcoming listings.
