Key Quantitative Figures
The company received net IPO proceeds of ₹849.86 lakhs (₹8.50 crore). The entire amount has been utilized as of 31st March, 2025 with zero unutilized amount remaining.
Breakdown of IPO Proceeds Utilization:
- Working Capital Requirements: ₹385.79 lakhs allocated and fully utilized
- Repayment/Prepayment of Borrowings: ₹243.52 lakhs allocated and fully utilized
- General Corporate Purpose: ₹220.55 lakhs allocated and fully utilized
- Total Utilized: ₹849.86 lakhs
Dates of Action
- Utilization Completion Date: 31st March, 2025
- Board Meeting Date: 30th May, 2026
- Auditor's Certificate Date: 29th May, 2026
- Filing Date: 30th May, 2026
Parties Involved
- Stock Exchange: BSE Limited
- Auditor: CMRS and Associates LLP (Formerly known as Chandrakant G. Doshi & Co.), FRN: 101678W/W100068
- Auditor Signatory: CA Rishi Lodha, Partner (Membership No. 135610)
Financial Impact
The IPO proceeds of ₹849.86 lakhs have been fully utilized according to the objects stated in the Offer Document. No financial impact remains outstanding.
Corporate Action
The Board of Directors at its meeting on 30th May, 2026 formally noted the full utilization of IPO proceeds and closure of reporting requirements under Regulation 32 of SEBI (LODR) Regulations, 2015.
Auditor Certification
The auditor, CMRS and Associates LLP, issued a certificate confirming the utilization based on examination of books of accounts and audited financial statements. The certificate was prepared specifically for submission to BSE Limited as per Regulation 32 requirements.
Additional Information
Company registered office: Office No. 602, 603, and 604, Sr. No. 43A/5A, 43A/5B, Aseem Mayank, Pune City, Pune – 411001