Molbio Diagnostics collects Rs 281 cr from anchor investors ahead of IPO

Molbio Diagnostics has successfully attracted Rs 281.5 crore from anchor investors ahead of its much-anticipated initial public offering. The company aims to raise between Rs 904 crore and Rs 940 crore through this public issue, with funds earmarked for infrastructure improvements and new equipment for manufacturing facilities. Additionally, current shareholders will participate by selling portions of their stakes. The company’s shares are set to make their debut on August 17.

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