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

Saturday, February 4, 2017

Steel City Securities IPO - Objects to the Issue

The funds raised through fresh issue equity in Steel City Securities IPO are proposed to be utilized for:

- Investment in technology upgradation & office infrastructure for expansion of e-governance business;
- Setting up of AADHAR Enrolment centre at all our existing branches;
- Enhancement of Company’s brand through advertising and other brand-building activities;
- Working capital requirement;Meeting the expenses to the Offer; and
- General Corporate Purposes
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