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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding capital expenditure towards establishing two new stores in Kota, Rajasthan and Ujjain, Madhya Pradesh | 1,549.33 million | — |
| Repaying certain outstanding borrowings | 500.00 million | — |
| General corporate purposes | — | — |
The company plans to utilize the net proceeds from the IPO for funding capital expenditure towards establishing two new stores, repaying outstanding borrowings, and for general corporate purposes. The total estimated amount for setting up the new stores is ₹1,549.33 million.