Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversification of product portfolio i.e., Stainless Steel Seamless Pipes | ₹18.57 Cr |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | ₹98.00 Cr |
| 3 | General corporate purposes | ₹44.64 Cr |
| 4 | Issue Expenses | ₹24.99 Cr |
| 5 | Total | ₹186.20 Cr |