The IPO comprises a fresh issue of equity shares worth Rs 206 crore and an offer-for-sale (OFS) of 85 lakh equity shares by promoters. Those selling shares in the OFS are Sanjay Lodha, Vivek Lodha, Navin Lodha, Niraj Lodha, and Ashoka Bajaj Automobiles LLP. Proceeds to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, Rs 22.5 crore for debt payment, besides for general corporate purposes.
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India , Navin Lodha , Sanjay Lodha , Niraj Lodha , Vivek Lodha , Ashoka Bajaj Automobiles , Netweb Technologies India , Netweb Technologies ,
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