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NSE · Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment of borrowings | ₹1,500.00 million | — |
| Funding capital expenditure for infrastructure development | ₹708.98 million | — |
| Setting up a new manufacturing facility in Dahej SEZ | ₹373.80 million | — |
| General corporate purposes | — | — |
The company intends to utilize the net proceeds from the IPO for repayment of borrowings, funding capital expenditure for infrastructure development, and setting up a new manufacturing facility in Dahej SEZ. Specific allocations include ₹1,500 million for repayment of borrowings and ₹373.80 million for the new facility.