Public offers include both new problems and offer fur (OFS) by promoters.
In the fresh issue, Rs. 320 crore equity shares are included, while equity shares in the OFS up to Rs 380 crore, which, according to the draft red herring prospectus (DRHP) draft, carry the total offer fur size of 700 crores.
91.50 crore income income will be used to fund the company’s production facilities for capital costs for the purchase of machinery, equipment and civil works.
In addition, 155.50 crore will be used for payment or partial pre -payment of some outstanding borrowings and a portion will also be allocated for general corporate purposes.
The company can consider IPO placement up to Rs 64 crore. If carried out, the amount raised by the IPO placement will be reduced by the size of the fresh issue.
Orient cables are a manufacturing company that focuses primary on networking cables and passive networking equipment, catering to high growth industries, including broadband, telecom, data centers, renewable energy zones and smart building Auto tomatoes.
Under networking cables and solutions, Specialty Power, OPT pattal fiber cables and solutions – the company manufactures various products under broad segments; And other fellow products.
IIFL Capital Services and JM Financial have been appointed by the company to manage its public offering fur.
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