New Delhi, Aug. 24 -- Goa-based Molbio Diagnostics Limited, backed by Temasek and Motilal Oswal Private Equity, has submitted draft documents to the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO).

As per the draft red herring prospectus (DRHP), the IPO will include a fresh issue of equity shares worth up to Rs.200 crore and an offer-for-sale (OFS) of up to 1.25 crore shares by existing investors.

The company intends to allocate Rs.99.3 crore from the proceeds to establish infrastructure for a new Research and Development centre, a Centre of Excellence, and associated office facilities. Additionally, Rs.73.5 crore will be used to purchase plant and machinery for its manufacturing u...