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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment of borrowings | ₹700.00 lakhs | — |
| Working capital requirements | ₹3050.00 lakhs | — |
| General corporate purposes | — | — |
The proceeds from the IPO will be utilized for repayment of borrowings (₹700 lakhs), working capital requirements (₹3,050 lakhs), and general corporate purposes, which will not exceed 15% of the gross proceeds or ₹10 crores.