Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine | ₹12.00 Cr |
| 2 | Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 Cr |
| 3 | Funding of Working Capital Requirement of the company | ₹5.48 Cr |
| 4 | General Corporate Purposes | ₹5.00 Cr |
| 5 | Issue expenses | ₹5.79 Cr |
| 6 | Total | ₹46.28 Cr |