Natraj Energy Ltd.
SMENSETBA
TBA
1 Shares
TBA
₹5
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
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Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain | 80 |
| 2 | Funding capital expenditure requirement of our company | 61.159 |
| 3 | To meet working capital requirements | 140 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
95.98%
Promoter stake
Offered to Public
43,00,800
shares
IPO Registrar
Maashitla Securities Pvt Ltd.
About the Company
We are engaged in the manufacturing of lead-acid batteries, which are used across solar power applications, inverters and automobiles. The battery we manufacture is the same across these applications; it is only configured differently, in terms of voltage, capacity and casing, to suit the intended use. Our lead-acid batteries are used as tractor batteries in the automobile segment, as inverter batteries for power backup applications, and as part of our solar power generating systems. We also assemble and sell solar power generating systems, comprising off-grid, on-grid and hybrid systems. Our off-grid systems are powered by battery storage and operate independent of grid supply, our on-grid systems do not use batteries and export surplus solar energy back to the grid, and our hybrid systems combine grid-tied operation with battery backup. In addition to our own manufacturing, we undertake contract manufacturing for third parties, pursuant to which we manufacture batteries at our facility in accordance with specifications provided by such third parties, with products sold under the relevant third party's brand rather than our own. We are also engaged in trading of batteries, including lithium batteries or solar based appliances, and related components sourced from other manufacturers.
Use of Proceeds
1) Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company. 2) Funding capital expenditure requirement of our company towards purchase of Machineries. 3) To meet working capital requirements 4) General Corporate Purposes.
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The for the Natraj Energy Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.