IPO Objectives
1. Purhase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises (factory at Gala No. 6,7,8 & 1st floor 106,107,108, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-I) and the second unit was added in Gala No. 105, First floor, Nirav No. 2, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-II) to be referred to as the “Existing Premises”);
2. Funding towards long term working capital requirements;
3. General corporate purposes.
