We raised ~ ₹59 crore via a preferential allotment of 5 million shares last year
Recently your company has raised around ₹59 crore. Can you tell us how you will be deploying these funds? Also, do you think your company would be in need for additional funds?
We raised ~ ₹59 crore via a preferential allotment of 5 million shares last year. These funds were raised to meet our working capital requirements and selling and administration expenses. We have sufficient capacities to meet incremental demand envisaged over the next couple of years and hence we don’t expect to raise any funds for capex purposes.
However, based on our expectations, growing sales would necessitate increasing working capital requirements, at the least. We have been constantly working towards improving our balance sheet and achieving a profitable growth. This implies that some of the incremental working capital needs would/could be met by some easing up of debtors on our books.
Do you have any other plan to raise funds other than fresh equity infusion?
Bu hikaye Dalal Street Investment Journal dergisinin August 6, 2018 sayısından alınmıştır.
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Bu hikaye Dalal Street Investment Journal dergisinin August 6, 2018 sayısından alınmıştır.
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Already a subscriber? Giriş Yap
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