Shilpi Cable Technologies IPO - Objects to the Issue - Indian IPO Blog

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Monday, March 21, 2011

Shilpi Cable Technologies IPO - Objects to the Issue

Shilpi Cable Technologies IPO would remain open for subscription from Tuesday, March 22, 2011 and Friday, March 25, 2011. The object of the issue are to meet the expenses of the issue, general corporate purposes and to raise funds for meeting:
  • Capital expenditure on Cable/ wire assembly shop, on tools for 3G enabling, on augmenting cable manufacturing capabilities;
  • Long term working capital requirement for the proposed new businesses;
  • Investment in the Subsidiary of the Company, M/s Shilpi Cabletronics Ltd;

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