- Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
- Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
- Enter the quantity and your UPI ID.
- Submit your application—and you're done!
Information currently unavailable
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The Company, Group Companies, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
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The company require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.
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The company derives majority of its revenue from contracts with Indian Navy and associated Defence sectors. Loss of order book, contracts, and change in their requirement or fall in budget will have material adverse effect on its business, financial condition and result of operation.
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The company has not entered into any agreement with the suppliers of equipments as specified in the objects of the Issue. Further the amount allocated for purchases of equipments are based on management's estimates.
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The company business of manufacturing and supply of components, equipments and services required by Indian Navy is significantly dependent on the technology, process and product development of such components.
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The Company has availed certain unsecured loans that may be recalled by the lenders at any time.
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The Company may have potential Conflicts of interest with its Promoter Group Entity as they are engaged in similar line of business.
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In addition to normal remuneration, other benefits and reimbursement of expenses its directors (including the company Promoters) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company. Further the company promoter has interest in its property and in past the company has entered in related party transaction with them.
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The IPO Proceeds will be used to repay a loan from the company promoter group company.
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The company Promoters and Key Managerial Person play key role in its functioning and the company heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company business that they remain associated with it.