Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the Company | ₹8.00 Cr |
| 2 | Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels (Pelican Conquest) | ₹15.50 Cr |
| 3 | Working Capital Requirement | ₹8.00 Cr |
| 4 | General Corporate Purpose | ₹4.50 Cr |