Plot No. 21A, Aditya Industrial Estate, Village Kumbhvali, Tal. Raigad District, Maharashtra - 402107

Public Issue of 4597200 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 264.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
15/12/202117/12/2021274.00 -
Lead Managers Registrar Listed at
Bigshare Services Pvt. Ltd.
1st Floor, Bharat Tin works Building,
Opp. Vasant Oasis,, Makwana Road, Marol,
Mumbai, Maharashtra - 400059
Phone: 40430200 Fax: 28475207
Object of the issue

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

Offer for Sale

The Selling Shareholder will be entitled to their portion of the proceeds of the Offer for Sale after deducting their proportion of Offer related expenses and relevant taxes thereon. the Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.

The Fresh Issue

The Company proposes to utilize the Net Proceeds towards funding of the following objects:

1. Funding the working capital requirements of the Company.

2. Funding capital expenditure for expansion of production capacity at the existing manufacturing facility at Village Narangi, Raigad, Maharashtra and at the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs. (built-up) area on the adjacent plot (“Proposed Expansion”):

- to expand the existing installed capacities for the existing product lines
- to enable us to also add new products to the existing product portfolio.

3. General corporate purposes.

Promoted by

The Promoters of the Company's are :

1. Mrs. Anjana Haresh Motwani

2. Mr. Karan Haresh Motwani