• IPO proceeds and OFS: Out of the ₹500 crore fresh issue within the ₹3,800 crore IPO, ₹400 crore will be utilized to reduce debt by about 40%, while the Offer for Sale will adjust promoter group holding to approximately 77.5%.
• Segment growth rates: Aerospace machining is growing at an annual rate of 40%, vacuum investment casting at 50%, and the metal injection molding market at around 10%, with the company historically outpacing industry growth rates.
• Operating leverage potential: Capacity utilization in the core metal injection molding segment is currently at around 40% while remaining EBITDA positive, offering substantial operating leverage as volumes scale up.
• Export and tariff strategy: Approximately 70% to 75% of domestic production is exported, and the company has established onshore manufacturing facilities in the United States to manage potential tariff impacts.