Key Financial Figures
- Gross IPO Proceeds: ₹1,790.21 lakhs (₹17.90 crore) raised through fresh issue of 15,98,400 equity shares of face value ₹10 each at an issue price of ₹112 per share
- Issue Expenses: ₹190.00 lakhs attributable to the fresh issue
- Net Proceeds Available: ₹1,600.21 lakhs (₹16.00 crore) after deducting issue expenses
- Amount Utilized: ₹1,160.00 lakhs (₹11.60 crore) as of June 30, 2026
- Unutilized Balance: ₹440.21 lakhs (₹4.40 crore) remaining in escrow account with Axis Bank
Utilization Status
Based on the examination by M/s Agarwal R C & CO, Chartered Accountants (Firm Registration No: 152617W):
- The utilized amount of ₹1,160.00 lakhs has been applied towards the objects of the Issue as specified in the Prospectus
- There is no deviation or variation in the utilization of the Net Proceeds from the objects stated in the Prospectus
- The unutilized balance of ₹440.21 lakhs is lying in the escrow account maintained with Axis Bank