Opto Circuits (India), plans to raise funds through IPO

Opto Eurocor Healthcare, a wholly owned subsidiary of Opto Circuits (India), plans to raise funds through initial public offering (IPO).


The company will raise around Rs 1,000 crore through the IPO. However, the company did not disclose the timeline for the IPO. The proceeds will be utilised to set up manufacturing facilities, two in India and one in Malaysia; for adding capacities at existing plants and new product developments.