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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding incremental working capital requirements | 11,500.00 | — |
| Repayment and/or pre-payment of borrowings | 9,000.00 | — |
| General corporate purposes | — | — |
The net proceeds from the IPO are intended for funding incremental working capital requirements (₹11,500 lakhs), repayment of borrowings (₹9,000 lakhs), and general corporate purposes. The fund requirements have not been appraised by any bank or financial institution.