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Lohum Plans $200M Fundraise Ahead of 2027 IPO

  • Lohum, a critical mineral refining and processing company, is planning to raise $200 million from private equity funds as it prepares for an IPO in early 2027.
  • The company aims to expand its capacity in lithium, nickel, platinum, palladium, and cathode active materials across multiple locations in India.
  • Lohum has already raised $100 million since its inception in 2018, with investors including Singularity Growth, Baring Private Equity, and Cactus Venture Partners.
  • The company announced the expansion of its lithium refining capabilities with a new 1,000-tonnes-per-annum facility, making it one of the largest lithium refiners outside of China.
  • Lohum's current annual revenue stands at around ₹1,000 crore, with plans to quadruple it by 2027 through significant capacity expansions and new projects.

Source: The Economic Times, Mint

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user

Oh ofcourse! Feed the goat (aka retail investors) before the feast!

user

BNFL Buy now fool later