G Surgiwear Files Draft for Rs 740 Cr IPO; Strong Growth Fuels Expansion

• Surgical products maker G Surgiwear plans to raise Rs 740 crore through an Initial Public Offering (IPO), filing a draft document with SEBI.
• The IPO comprises a fresh issue of Rs 370 crore and an offer-for-sale of Rs 370 crore by promoter Ghanshyam Das Agarwal.
• Funds from the fresh issue will be used for machinery purchase (Rs 167.2 crore), debt repayment (Rs 93.6 crore), and general corporate purposes.
• The Uttar Pradesh-based company reported a profit of Rs 58 crore in FY25, a 157.6% increase, with revenue rising 32.7% to Rs 224 crore.
• G Surgiwear, founded in 1990, has diversified its product portfolio and operates a WHO-GMP accredited manufacturing facility in Shahjahanpur.

Why It Matters: G Surgiwear seeks Rs 740 crore via IPO, leveraging strong financial growth for expansion.