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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding capital expenditure for upgradation of Global Incubation and Skill Hubs in select fifty (50) AICTE-approved colleges. | ₹2,500.00 | — |
| Funding capital expenditure for upgradation of infrastructure facilities at seventeen (17) Industrial Training Institutes (ITIs) and three (3) Polytechnic Colleges in the State of Uttar Pradesh. | ₹5,489.59 | — |
| Funding capital expenditure for establishment of R&D Laboratories. | ₹1,163.71 | — |
| Funding capital expenditure for Future Tech Park. | ₹7,123.73 | — |
| Repayment of borrowings. | ₹2,000.00 | — |
| General corporate purposes. | ₹[●] | — |
The proceeds from the IPO will be utilized for various projects, including upgrading Global Incubation and Skill Hubs, infrastructure upgrades at ITIs and Polytechnic Colleges, establishing R&D Laboratories, and repaying borrowings.