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NSE · Source: NSE
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹ 4,120.00 million | 26 |
| Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by material subsidiary SRP Prosperita Hotel Ventures Limited | ₹ 690.00 million | 26 |
| Payment of consideration for buying an undivided share of land from Promoter Brigade Enterprises Limited | ₹ 1,075.19 million | 26 |
| Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes; aggregate utilisation for these purposes cannot exceed 35% of Gross Proceeds and either component cannot exceed 25% of Gross Proceeds | — | 26 |
The net proceeds from the IPO are intended for repayment of borrowings (₹4,681.40 million), payment for an undivided share of land (₹1,075.19 million), and pursuing inorganic growth through acquisitions (₹1,308.63 million).