Mainthapal, Nahan Road, Rampur Jattan, Sirmour, Himachal Pradesh - 173030

Public Issue of 6984866 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 849.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
17/01/201819/01/2018859.00 -
Lead Managers Registrar Listed at
Karvy Selenium Tower B, Plot No 31-32, Gachibowli, Financial Dist
Hyderabad, Telangana - 500032
Phone: 67162222 Fax: 23431551
Object of the issue

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

The Offer for Sale

The Promoter Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares after deducting their portion of the Offer related expenses and relevant taxes thereon. the Company will not receive any proceeds from the Offer for Sale. All expenses in relation to the Offer other than the listing fees (which shall be borne by the Company) shall be shared among the Company and the Promoter Selling Shareholders in accordance with applicable laws. Each Promoter Selling Shareholder shall reimburse the Company for all expenses incurred in relation to the Offer for Sale on behalf of such Promoter Selling Shareholder.

Fresh Issue

the Company intends to utilize the Net Offer Proceeds from the Fresh Issue towards the following objects:

1. Prepayment or repayment of all or a portion of certain borrowings availed by the Company, and

2. General corporate purposes.

Promoted by

The Promoters of the Company are Mr.Jasbir Singh and Mr.Daljit Singh.

1. Mr.Jasbir Singh: is the Chairman and Chief Executive Officer of the Company. He holds a bachelor’s degree in engineering (industrial production) from Karnataka University and holds a master’s degree in business administration from the University of Hull, United Kingdom. He was appointed to the Board of the Company since October 1, 2004. He has played an instrumental role in the growth of the business. He has successfully established over six factories in past ten years and established relationships with various large brands. He has over 13 years of experience in the RAC manufacturing sector. Under his guidance, the Company has initiated the concept of additive manufacturing solutions. He has played an instrumental role in successful acquisition of PICL (India) Private Limited in 2012.

voter identification number: JKP2395887

Driving license number : 7607/P/95

DIN: 00259632

Address: 248 - I, Vasant Vihar, Dehradun, Uttarakhand, India, 248 001


2. Mr.Daljit Singh: is the Managing Director of the Company. He holds a bachelor’s degree in electronic engineering from Nagpur University and master’s degree in information technology from the Rochester Institute of Technology. He has received “Entrepreneur of the Year 2016” award from Ludhiana Management Association. He was appointed to the Board of the Company on January 1, 2008. He has five years in finance services and nine years of experience in the RAC manufacturing sector. Prior to joining the Company, he was associated with Morgan Stanley in New York as an analyst in the infrastructure track of their information technology analyst training program.

Driving license number : PB- 1119970214380

DIN: 02023964

Address: G - 45, Sliver Oak Avenue, DLF City, Phase - I, Gurgaon, Haryana, India -122 002