IPO Objectives
1. Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by our Company;
2. Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited, for repayment/prepayment, in full or part, of all or certain of the outstanding borrowings availed by Dhoot Autocomponents Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited.
3. Setting up of a new wiring harness manufacturing plant by our Company at (i) Sector 11, Jhajjar, Haryana, India (“Jhajjar Wiring Harness Plant”), and (ii) Shoolagiri, Hosur, Tamil Nadu, India (“Hosur Wiring Harness Plant”)
4. Funding inorganic growth through acquisitions and general corporate purposes.
