Key Quantitative Figures
- Total IPO Proceeds Raised: ₹42.86 Crores
- IPO Opening Date: Thursday, September 25, 2025
- IPO Closing Date: Monday, September 29, 2025
- Reporting Quarter: Ended September 30, 2026
- Monitoring Agency: Acuite Ratings and Research Limited
Fund Utilization Status
Overall declaration: No deviation/variation in the objects or purposes for which funds have been raised. However, the monitoring agency notes delayed progress compared to the original implementation timeline ending March 31, 2026.
Object-wise Fund Utilization Details
1. Funding Capital expenditure for Existing business
- Original Allocation: ₹11.07 Crores
- Funds Utilized (Cumulative): ₹2.37 Crores
- Status: No Deviation/Variation
- Monitoring Agency Comments: Progress is delayed. As per the Prospectus, ₹8.50 crores were proposed for utilization by March 31, 2026.
- Company Explanation: Hiring for positions identified in the Prospectus has taken longer than anticipated, particularly for senior roles. Cumulative utilization of ₹2.37 crores towards manpower enhancement. Balance procurement of hardware & software and proposed co-working space arrangements at Bengaluru (Bellandur) and Delhi (Connaught Place) have been deferred accordingly as they are linked to manpower expansion.
2. Funding Capital expenditure for setting up an additional office cum setting up a new studio
- Original Allocation: ₹7.14 Crores
- Funds Utilized (Cumulative): ₹6.79 Crores
- Status: No Deviation/Variation
- Monitoring Agency Comments: Progress is delayed. As per the Prospectus, ₹7.09 crores were proposed for utilization by March 31, 2026.
- Company Explanation: Office premises taken on lease with lease rentals being paid. Office space setup for day-to-day operations and proposed studio has been completed with full payment made. Studio setup was completed at a discount to the estimate mentioned in the Prospectus.
3. Funding Capital expenditure for Brand Building of our own Company
- Original Allocation: ₹5.02 Crores
- Funds Utilized (Cumulative): ₹2.93 Crores
- Status: No Deviation/Variation
- Monitoring Agency Comments: Progress is delayed. As per the Prospectus, ₹4.18 crores were proposed for utilization by March 31, 2026.
- Company Explanation: Utilization delayed compared to timeline as the underlying brand building contract is for 12 months commencing from December 2025, with payments released as per agreed payment terms. ₹1.17 crores utilized during the half year (cumulative ₹2.93 crores).
4. Meeting the incremental working capital requirements
- Original Allocation: ₹6.33 Crores
- Funds Utilized (Cumulative): ₹6.31 Crores
- Status: No Deviation/Variation
- Monitoring Agency Comments: The issuer has not completed utilization of the entire amount proposed towards incremental working capital requirements. A small balance remains unutilized due to phased deployment of funds. This constitutes a deviation from the schedule specified in the offer document as utilization was not completed by March 31, 2026, resulting in a six-month delay as of September 30, 2026.
5. General Corporate Purposes
- Original Allocation: ₹5.67 Crores
- Funds Utilized (Cumulative): ₹1.51 Crores
- Status: No Deviation/Variation
- Monitoring Agency Comments: The issuer has not completed utilization of funds within the proposed implementation timeline ending March 31, 2026, resulting in a six-month delay as of September 30, 2026. This constitutes a deviation from the schedule specified in the offer document.
- Company Explanation: During the half year, ₹0.66 crores was utilized towards investment in the company's subsidiary, Chatterbox International, including LSF charges paid in connection with the investment. Investment in subsidiary is a permitted use under General Corporate Purposes as per the Prospectus. The balance amount shall be deployed based on the company's business requirements and operational priorities.
6. Issue Related Expenses
- Original Allocation: ₹7.64 Crores
- Funds Utilized (Cumulative): ₹7.64 Crores
- Status: No Deviation/Variation
Governance and Review Process
- Audit Committee Review: The statement was reviewed by the Audit Committee in its meeting held on Friday, November 06, 2026
- Audit Committee Comments: No Comments
- Auditor Comments: No Comments