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| Exchange Disseminated Time | Nelcast Ltd has informed BSE that the Company have gone in for IPO in June 2007 and the Company have raised Rs 9526.50 lacs. The Company have utilised all the funds for its expansion programme as per the details given below. Hence, all the funds have been utilized.
1. Particulars: Expansion / Modernisation
- Projection As per Prospectus: Rs 6145.54 Lacs
- Actual : Rs 6145.54 Lacs
2. Particulars: Working Capital
- Projection As per Prospectus: Rs 2500.00 Lacs
- Actual : Rs 2773.08 Lacs
3. Particulars: Issue Expenses / General Corporate purposes
- Projection As per Prospectus: Rs 880.96 Lacs
- Actual : 607.88 Lacs. |
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