Milltec Machinery Riding on the Brandwagon wave

Milltec Machinery or Milltec is a diversified agro-processing equipment manufacturer, with its sales and distribution network spanning across the country and overseas. The company’s portfolio includes equipment to facilitate processing of rice, pulses, wheat, seeds and maize. It has claimed that it has an estimated market share of 10 per cent in the total rice processing equipment industry. Object of the offer The object of the offer for sale is to achieve benefits of equity shares listing on the stock exchanges, and to facilitate sale of equity shares by shareholders. It also provides liquidity to the existing shareholders. Policy and Industry Growth The domestic milled rice industry, of which Milltec is a part, is mostly driven by domestic consumption, which accounts for over 90 per cent of the revenue, while exports account for the rest. The company’s revenue is expected...