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NSE · Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| capital expenditure for machinery | ₹ 140.29 | — |
| working capital requirements | ₹ 1,150.00 | — |
| general corporate purposes | — | — |
The net proceeds from the IPO will be utilized for capital expenditure for machinery, working capital requirements, and general corporate purposes, with specific amounts allocated for each purpose. The company has secured a ₹10,130 million work order from G R Infraprojects Limited under the BharatNet Phase III project.