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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 | ₹ 1,250.00 million | — |
| Funding capital expenditure for new Subway stores | ₹ 3,268.50 million | — |
| General corporate purposes | — | — |
The company plans to utilize the proceeds from the IPO for investment in its wholly-owned subsidiary, repayment of borrowings, and funding capital expenditure for new Subway stores, as well as for general corporate purposes.