Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (Proposed project) | ₹2.18 Cr |
| 2 | Funding of capital expenditure for Furnace renovation | ₹1.87 Cr |
| 3 | To meet working capital requirements | ₹13.92 Cr |
| 4 | General Corporate Purposes | ₹4.02 Cr |
| 5 | Issue Expenses | ₹2.75 Cr |
| 6 | Total | ₹24.74 Cr |