Think | Create | Scale
Follow
  • Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.

    • Just In

    Milestone Gears IPO: Precision Engineering Firm Plans INR 1100 Crore Public Offering

    Latest News Posted on  —by Salil Urunkar
    Milestone Gears IPO

    Milestone Gears Limited has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for the proposed Milestone Gears IPO, aiming to raise up to ₹1100 crore.

    The manufacturer is known for producing high-precision and complex engineered transmission components used across tractors, construction equipment, electric vehicles (EVs), locomotives, windmills, and other heavy industrial applications.

    Also Read: GE Aerospace Pune Facility Trains 5,000 Skilled Associates in Precision Manufacturing

    The Milestone Gears IPO consists of a fresh issue of equity shares aggregating up to ₹800 crore and an offer for sale (OFS) by existing shareholders amounting to ₹300 crore. The equity shares have a face value of ₹2 each.

    Milestone Gears IPO: Utilisation of Proceeds

    According to the DRHP, the company intends to use the net proceeds from the fresh issue for the following purposes:

    • Repayment or prepayment, either fully or partially, of certain outstanding borrowings and accrued interest.
    • Funding capital expenditure for setting up a new manufacturing facility at Mohal Bated, Tehsil Baddi, District Solan, Himachal Pradesh, as part of its proposed greenfield expansion project.
    • Supporting general corporate activities.

    Also Read: VVDN Technologies Acquires GGS Engineering

    Milestone Gears IPO: Industry Presence and Customer Base

    Milestone Gears specializes in delivering precision-engineered transmission components to both Indian and global original equipment manufacturers (OEMs).

    Between April 1, 2022, and June 30, 2025, the company has supplied products to more than 50 customers, including all top nine OEMs in the tractor sector in India, according to the 1Lattice Report. The company has built strong, long-term relationships with most of its customers.

    Milestone Gears IPO: Listing and Lead Managers

    The equity shares offered through the Red Herring Prospectus are proposed to be listed on BSE and NSE. JM Financial Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited are serving as the Book Running Lead Managers for the Milestone Gears IPO.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

    Related Posts

    Sahyadri Startups
    Copyright © 2026. All rights reserved. Powered by Rumanvay Growth Partners LLP Powered by Probewise.
    Back to top