IPO Objectives
1. Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3years) and associated technology (hardware) costs:(i) Setting up new centres by our Company (“Company Learning Centres”) and our Company inpartnership with Licensed Professionals (“Company Learning Centres in partnership with LicensedProfessionals”);(ii) Setting up new centres in collaboration with schools (“School Collaboration Centres”);(iii) Setting up of new centres to drive research, innovation, and best practices in the domain ofneurodevelopmental disorder (“Centre for Excellence and Research “/ “COER”);(iv) Setting up of in-house training academies for continuous learning and professional upskilling(“Upskilling Academy”); and (collectively referred to as “New Centres”)(v) Technology (hardware) costs.
2. Expenditure for lease payments for our existing centres in India.
3. Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA.
4. Expenditure for brand awareness and inclusive outreach programs.
5. Funding inorganic growth through unidentified acquisition and general corporate purposes.
