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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding capital expenditures for new manufacturing units | 173.83 | — |
| Repayment of borrowings | 200.00 | — |
| Investment in subsidiary | 100.00 | — |
| Working capital | 150.00 | — |
| General corporate purposes | — | — |
The proceeds from the Fresh Issue will be used for funding capital expenditures for new manufacturing units, repayment of borrowings, investment in a subsidiary, working capital, and general corporate purposes. The estimated costs for the new units are ₹173.83 million for Unit-V and ₹196.40 million for Unit-VI.