Steel products manufacturer Goodluck India Ltd has successfully raised approximately Rs 200 crore through a Qualified Institutional Placement (QIP) by issuing 21,27,659 equity shares to Qualified Institutional Buyers (QIBs) at Rs 940 per share. The funds will support the company’s growth strategy. Goodluck India has also established a wholly-owned subsidiary, Goodluck Defense and Aerospace Private Limited, focusing on the defense and aerospace industries. The company specializes in engineered steel structures, precision/auto tubes, forging for defense and aerospace, as well as CR (cold rolled) and GI (galvanized iron) products used across various sectors.