Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding capital expenditure towards establishment of new centres on leased premises and associated technology costs: (i) Setting up new centres by the Company and the Company in partnership with Licensed Professionals (ii) Setting up new centres in collaboration with schools (iii) Setting up of new centres to drive research, innovation, and best practices in the domain of neurodevelopmental disorder (iv) Setting up of in-house training academies for continuous learning and professional upskilling (v) Technology (hardware) costs. | ₹41.36 Cr |
| 2 | Expenditure for lease payments for our existing centres in India | ₹14.45 Cr |
| 3 | Investment in its Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA. | ₹10.13 Cr |
| 4 | Expenditure for brand awareness and inclusive outreach programs | ₹10.20 Cr |
| 5 | Funding inorganic growth through unidentified acquisition and general corporate purposes | — |
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