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NSE · Source: INVESTORGAIN
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding working capital requirements | ₹ 700.00 million | — |
| General corporate purposes | Not exceeding 25% of the Gross Proceeds | — |
The company plans to utilize the net proceeds from the IPO primarily for working capital requirements, with ₹700 million allocated for this purpose. A portion of the proceeds will also be used for general corporate purposes, not exceeding 25% of the gross proceeds.