Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding of working capital requirements of the Company | ₹10.00 Cr |
| 2 | Investment in Striders FZ LLC, wholly owned subsidiary, to fund its working capital requirements; | ₹4.50 Cr |
| 3 | Investment in a newly wholly owned subsidiary in mainland UAE to fund its working capital requirements | ₹6.50 Cr |
| 4 | Repayment of Loans | ₹2.98 Cr |
| 5 | General corporate purposes | ₹3.95 Cr |
| 6 | Issue Expenses | ₹4.70 Cr |
| 7 | Total | ₹32.62 Cr |
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