Autoline Industries Limited IPO (Autoline IPO) Detail

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Modernization : Modernization & up gradation of the existing manufacturing facilities at Chakan Unit-I.
2. Expansion :
A. Setting up of a new manufacturing unit at Chakan (Unit-II), Pune
A. For increasing the manufacturing capacities for sub-assemblies and auto components.
B. For contract manufacturing of automobile bodies for heavy vehicles and door assemblies for passenger vehicles.
B. Setting up of a State-of-the Art Commercial Tool Room at the premises of Unit-II at Chakan
C. UAE Joint Venture Operations: To expand the UAE operations including the setting up of a manufacturing facility and make it a strategic location for trade with Gulf and African countries.
D. Expansion of the facilities in the Design Engineering Unit- viz. Autoline Dimensions Software Pvt. Ltd.
3. Relocation/Consolidation : To relocate/consolidate the facilities in the existing units at Kudalwadi and Jadhavwadi to a new location at MIDC, Bhosari.
4. Corporate Office/Marketing Set-up : To set up a Corporate/Marketing Office at the existing premises at T-135 MIDC Bhosari
5. Acquisitions : To enable strategic acquisitions to enhance the existing facilities or to acquire new capabilities in the auto industry
6. Augmentation of long term working capital resources.
7. To meet the expenses of the issue.