Mahalaxmi Rubtech Limited
Meru Investments bought 54,801 shares of Mahalaxmi Rubtech for ₹0.81 Cr at ₹148.18 apiece in a bulk deal.
A manufacturer and marketer of traditional textiles and polymer-based technical textiles, Mahalaxmi Rubtech produces rubber products for industrial and consumer applications. Established in 1991, the company operates across textile weaving and rubber manufacturing segments, serving diverse customer bases in India. Its distinctive approach combines traditional textile expertise with modern polymer technology to address varied market demands across multiple industries.
Meru Investment Fund PCC is a foreign portfolio investor that is among the more active anchor investors in Indian SME IPOs. It has backed offerings across sectors such as electric equipment, infrastructure, steel, textiles, and chemicals.