1. Part-finance the cost of establishing a new manufacturing facility of Moulding of Switches, Power electronics, and other components at Pune, Maharashtra (“Proposed Project FF”);
2. Funding incremental working capital requirements;
3. Investment in our wholly owned Subsidiary, Fourfront Green Innovations Private Limited for:i. financing the cost of establishing a new manufacturing facility of DC-DC Converters, Invertors, Power distribution boxes and other components at Pune, Maharashtra (“Proposed Project EV”).ii. funding its incremental working capital requirements
4. General Corporate Purposes
...
d DC-DC converters, are supplied to automobile OEMs and industrial product manufacturers.We are equipped with advance engineering software’s and employ modern manufacturing processes such as semiautomaticassembly lines, moulding, and Surface Mount Technology (“SMT”) for assembly of Printed Circuit Boards. Wehave an in-house well-equipped testing laboratory. These capabilities allow us to adapt to both engineering changes andvolume requirements from our customers. We invest approximately 5% of our annual turnover in the development of newtechnologies to support our innovation efforts. Our team consists of qualified and skilled engineers, including bothmechanical and electronics professionals, with wide experience in hardware, firmware, software who focus on providingcost-effective and efficient solutions. Read More
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An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.
Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.
The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.
Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.
The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:
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