India: Medical devices maker Skanray files draft papers for $53m IPO

India: Medical devices maker Skanray files draft papers for $53m IPO

Medical devices manufacturer Skanray Technologies Ltd has filed its draft prospectus with the markets regulator for its initial public offering (IPO). The company is looking to raise 400 crore in fresh capital, as well as a secondary share sale, wherein its promoters and existing private equity investor Ascent Capital are expected to sell a part of their stakes.