Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding Working Capital Requirements | ₹7.05 Cr |
| 2 | Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt. Ltd. for financing the augmentation of its working capital capabilities | ₹5.62 Cr |
| 3 | General Corporate Purpose | ₹5.01 Cr |
| 4 | Issue expenses | ₹2.50 Cr |
| 5 | Total | ₹20.18 Cr |