Analysis and Insights into the world of IPOs and investing in India

Wednesday, October 28, 2009

Astec LifeSciences Limited IPO - Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for the following:

1. Expansion of our existing manufacturing facilities at Mahad, Maharashtra;
2. Expansion of our existing Research and Development facility at Dombivli, Maharashtra;
3. Meeting Registration expenses;
4. Meeting long-term working capital requirements;
5. General Corporate Purposes;
6. Meeting Issue Expenses

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