Optiemus Infracom Aims to Raise Rs 400 Crore for Manufacturing Expansion and New Product Lines

Optiemus Infracom, a leading player in the wearables and telecom equipment sector, is set to make a major move in its expansion strategy. The company plans to raise approximately Rs 400 crore through a preferential allotment of 75 lakh convertible warrants. This strategic financial maneuver aims to bolster its manufacturing capabilities and amplify its brand presence.

Strategic Fundraising to Propel Growth

In a recent stock exchange filing, Optiemus Infracom disclosed its plan to issue 75 lakh convertible warrants, each convertible into equity shares of Rs 10 each. This capital-raising initiative is expected to occur in one or more tranches over the next 18 months. The infusion of funds will significantly impact the company's operations, focusing on expanding its manufacturing base and enhancing marketing efforts.

Expansion into New Product Lines

A key element of Optiemus Infracom's expansion includes a new venture into manufacturing screen protectors and mobile phone cover glass. This new direction is being pursued under a licensing agreement with the renowned US-based company, Corning. The partnership aims to leverage Corning’s advanced technology and Optiemus’s manufacturing expertise to capture a substantial share of the mobile accessories market.

Manufacturing Expansion: IT Hardware and Beyond

The funds raised will also support the company's plans to diversify its product offerings. Optiemus Infracom is gearing up to enter the IT hardware segment, specifically targeting the production of laptops and notebooks. This initiative is part of the IT hardware production-linked incentive scheme, designed to boost domestic manufacturing. Industry sources reveal that the company is in negotiations with a global brand and anticipates commencing production within the next 3 to 6 months.

Strategic Investment in Subsidiaries

The capital raised will be allocated strategically across Optiemus Infracom’s subsidiaries. Rs 80 crore is earmarked for Optiemus Electronics, and Rs 60 crore will be invested in GDN Enterprises. These investments are expected to enhance operational efficiencies and drive innovation within the subsidiaries, reinforcing the company's overall market position.