APR Constructions Limited - Saffron Capital

OBJECTS OF THE ISSUE
The objects of the Issue are to finance our growth plans and achieve the benefits of listing on Stock Exchanges. Our
Company believes that listing of equity shares on the stock exchanges will enhance the corporate image and brand
name.
Our Company intends to utilise the Issue Proceeds for the following objects:
1 To finance the procurement of construction equipment;
2 To meet long-term Working Capital requirements;
3 For General Corporate Purposes; and
4 To meet Issue Expenses
The main object clause of the Memorandum of Association of our Company enables us to undertake our existing
activities and the activities for which funds are being raised by us through this Issue. We further confirm that the
activities by our Company carried out until now are in accordance with the object clause of the Memorandum of
Association of our Company.
Fund Requirements:
The fund requirements for each of the objects are given in the following table:
Sr. No. Particulars Amount
(` in lakhs)
1 To finance the procurement of construction equipment 4,198.71
2 To meet long-term Working Capital requirements 4,034.28
3 For General Corporate Purposes* []
4 To meet Issue Expenses* []
Total 10,400.00
* To be incorporated at the time of filing of the Prospectus
Means of Finance:
Source of the above Fund requirements will be as per the table set forth below:
Sr.
No.
Particulars
Amount
(` in lakhs)
1 Public Issue 10,400.00
Total 10,400.00
The aforementioned fund requirement will be met from the proceeds of the Issue. In case of shortfall, if any, we may
explore other sources of funds including internal accruals arising from our future operations and/or debt. In case of
any variations in the actual utilization of funds earmarked for the objects mentioned above or in case of increased
fund requirements for a particular object, the shortfall, if any, may be financed by surplus funds, if any, available for
other objects and/or the Company‟s internal accruals and/or debt facilities that may be availed from the
banks/financial institutions, to the extent of such shortfall.
The details of our fund requirements and deployment of such funds are based on internal management estimates in
view of the current circumstances of our business and have not been appraised by any bank or financial institution.
These requirements are subject to change taking into consideration variations in costs and other external factors which
may not be within our control or as a result of changes in our financial condition, business or strategy. Our
management will have the discretion to revise our business plans from time to time and consequently our funding
requirements and deployment of funds may also be change. This may result in rescheduling the proposed utilisation
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