Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Setting up a new facility at Vallam-Vadagal, SIPCOT͕Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts; | ₹37.00 Cr |
| 2 | Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra; | ₹11.07 Cr |
| 3 | Repayment/ prepayment, in full or part, of certain borrowings availed by the Company; and | ₹45.43 Cr |
| 4 | General corporate purposes | ₹27.91 Cr |