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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Capital expenditure for advanced forging and machining equipment | ₹ 1,498.50 million | — |
| Working capital requirements | ₹ 350.00 million | — |
| Unidentified acquisitions and general corporate purposes | ₹ [●] million | — |
The proceeds from the IPO are intended for funding capital expenditure for advanced forging and machining equipment, meeting working capital requirements, and pursuing unidentified acquisitions. The total estimated cost for capital expenditure is ₹1,498.50 million.