Critical minerals refining company Lohum plans to launch an initial public offering (IPO) by 2027, and aims to raise $200 million before listing. In an exclusive interview with Fortune India, company’s founder and CEO, Rajat Verma, spoke about fundraising plans, IPO objective, and business expansion. “We intend to go public in calendar year 2027, and we are building all the necessary systems and processes that are needed within the organisation to help us get there and deliver to the public market,” Rajat Verma said. “From now till IPO, we are looking to garner about $200 million which will be a combination of equity and debt.” The capital will be raised in the next couple of rounds - $100 million in Series C and another $100 million in C. Generally, Series A funding round focuses on scaling a proven business model, while Series C aims for significant expansion, potential acquisition, or preparation for an IPO,” he explained. Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.
