APR Constructions Limited - Saffron Capital

lakhs respectively. Other current assets of ` 11206.22 lakhs for the year ended March 31, 2011 includes Cash & Bank
Balances and Loans & Advances of ` 2232.87 lakhs and ` 8973.35 lakhs respectively.
For details of Working Capital loans please refer to “Financial Indebtedness” beginning on page no. 180
3 General Corporate Purpose
Surplus from the proceeds of the Issue after meeting the objects mentioned above viz., i) financing procurement of
construction equipment; ii) meet long – term working capital requirement; and iii) issue expenses, if any, will be used for
our general corporate purposes including but not restricted to, meeting operating expenses, working capital margin,
repayment of debt, payment of taxes, partnerships, joint ventures, strategic initiatives and acquisitions, and meeting
exigencies, which the Company in the ordinary course of business may not foresee or any other purposes as approved by
our Board of Directors, subject to compliance with the necessary provisions of the Companies Act.
Our management, in accordance with the policies of the Board, will have flexibility in utilizing any amounts for general
corporate purposes under the overall guidance and policies of our Board.
4 To meet the issue expenses
The issue expenses include, among others, issue management fees, underwriting and selling commission, distribution
expenses, legal fees, printing and stationery expenses, advertising and issue marketing expenses, listing fees to the
stock exchanges, registrar and depository fees. All expenses with respect to the Issue will be met out of the Proceeds
of the Issue.
The total estimated expenses are ` [] lakhs, which is [] % of the Issue size.
Activity* Amount (`
lakhs)
% of the
Issue
Expenses
% of the
Total issue
Size
Lead Management Fees [] [] []
Underwriting commission, brokerage and selling commission [] [] []
Registrar to the Issue's Fees [] [] []
Advertisement and Marketing expenses [] [] []
Printing and distribution expenses [] [] []
IPO Grading Expenses [] [] []
Legal Advisors [] [] []
[] [] []
Others (SEBI filing fees, bidding software expenses, depository
charges, listing fees, etc.
Total [] [] []
*Will be incorporated at the time of filing of the Prospectus.
Funds Deployed
As per the certificate dated April 05, 2011 issued by J. B. Reddy & Co., Chartered Accountants our Company has
deployed ` 41.97 lakhs as on March 31, 2011. The funds have been financed out of internal accruals. These expenses
have been incurred towards Issue Expenses which will be recouped from the issue proceeds.
Proposed Deployment of Funds
Our Company may make payments toward our Objects of the Issue, before we obtain proceeds from the Issue,
through other means and source of financing, including bridge loan or other financial arrangements, which then will
be recouped from the proceeds of the Issue.
63