A report said that the proceed of the issue would be utilised for opening 84 new stores, expansion of the existing capacity at Selaqui, Dehradun, brand building and general corporate purposes.
The proposed public issue comprises fresh issue worth Rs. 65 crore and an offer for sale up to 84 lakh from its promoter and AA India Development Capital Fund.
Anand Rathi Advisors and Motilal Oswal Investment Advisors are the merchant bankers for the offer.
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