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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 for the expansion of its Processing Unit | 3,105.43 lakhs | — |
| Acquiring land for seed breeding | 586.08 lakhs | — |
| Purchasing office premises in Vadodara | ₹[●] | — |
| Meeting working capital requirements | 5,000.00 lakhs | — |
The proceeds from the IPO will be utilized for funding capital expenditure for the expansion of its processing unit, acquiring land for seed breeding, purchasing office premises, and meeting working capital requirements. The total estimated cost for the proposed expansion is ₹3,105.43 lakhs.