The company is engaged in production of tractors, pick-and-carry cranes, and various types of machinery used for harvesting crops. Installed capacity 12,000 tractors and 720 cranes each year
Promoters
Ranbir Singh Khadwalia and Sunita Saini
Objects of the issue
1. Setting up new dedicated unit for expansion of their pick & carry cranes manufacturing capacity 2. Repayment or pre-payment, in full or part, of certain borrowings availed by the company 3. Further investment in NBFC subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. 4. General corporate purposes
The company is delivering consistent profit data for the past years.
AmbooLi.com impression on the issue: Highly risk averse investors may choose to subscribe the issue in consultation with their financial adviser.
Disclaimer: AmbooLi.com or its directors individually or collectively take no responsibility on the accuracy of the data presented above. Prospective investors are advised to go through the RHP filed by the company before applying for the IPO.
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