On May 12, 2023, the company issued 7,557,666 at an issue price of INR 30 per share for the gross proceeds of INR 226,729,980 in its first tranche closing. The transaction included participation from Damodar Kanuri INR 3,999,990 for 133,333 shares, Nallamothu Padmaja INR 2,499,990 for 83,333 shares, Vungarala Swetha INR 2,499,990 for 83,333 shares, Gogineni Latha Krishna Rao INR 3,000,000 for 100,000 shares, Challa Kodandaram Chowdary INR 5,000,010 for 166,667 shares, Krishna Murthy Ella INR 5,000,010 for 166,667 shares ,Sambasiva Rao Dondapati INR 3,000,000.00 100,000 shares, Smitha Polineni NR 3,000,000.00 100,000 shares, Zen Securities Ltd INR 9,990,000 for 3,33,000 shares, Sannareddy Suresh Babu INR 3,000,000.00 100,000 shares ,VijayakameswariVepa INR 3,999,990 for 133,333 shares, Yerramaneni Shanti INR 3,000,000 for 100,000 shares, Sandeep Chowdary Meka INR 2,000,010 for 66,667 shares, Srinivasa Rao Balusu INR 9,999,990 333,333 shares, Naveen Bikkasani INR12,000,000 for 4,00,000 shares, Saffire Farms Lip INR 60,000,000 for 2,000,000 shares, Pratap Kantheti INR 3,240,000 for 108,000 shares, Karumanchi Karthika INR 20,000,010 for 6,66,667 shares and Sudhir Koneru INR 26,499,990 for 8,833,333 shares.