Melbourne-based 3D metal printing company Titomic is in front of...

Melbourne-based 3D metal printing company Titomic is in front of investors seeking a $12 million equity injection, only seven months after its initial public offering.
The company's shares went into a trading halt on Monday morning as its broker PAC Partners started drumming up interest.
Titomic is seeking the funds to secure long-term supply of the titanium metal powder it needs, which would enable the company to start making products for its customers.
It is also expected to acquire new IP which it reckons would cement the company's position as the leading metal additive manufacturing company in the world.

The raising comes soon after Titomic opened a manufacturing facility in Melbourne, which houses the world's largest metal 3D printer and will be used to make industrial scale products for the aerospace, defence and marine industries and consumer goods such as titanium bikes and golf clubs.

It also comes only seven months after the company hit the ASX-boards.
It listed at 20¢ in September, and last closed at $1.27. It had about a $140 million market capitalisation prior to Monday's raising.