Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (“New Valsad Unit”) | ₹55.99 Cr |
| 2 | Funding capital expenditure of our Company and the Subsidiary, FWEPL | ₹39.48 Cr |
| 3 | Funding working capital requirements of our Company and the Subsidiaries, FWEPL and FCIPL | ₹47.00 Cr |
| 4 | Repayment/pre-payment, in part or full, of certain borrowings availed by the Company and our Subsidiaries, FWEPL and FCIPL | ₹21.00 Cr |
| 5 | General corporate purposes | ₹10.30 Cr |