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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding working capital requirements | ₹ 1,590.30 lakhs | — |
| Capital expenditure for machinery and vehicles | ₹ 160.93 lakhs | — |
| Pre-payment of borrowings | ₹ 240 lakhs | — |
| General corporate expenses | ₹ [●] | — |
The proceeds from the issue will be used for funding working capital requirements (₹1,590.30 lakhs), capital expenditure for machinery and vehicles (₹160.93 lakhs), pre-payment of borrowings (₹240 lakhs), and general corporate expenses (not disclosed).