Key Quantitative Figures

  • Gross IPO Proceeds: ₹1,790.21 lakhs from fresh issue of 15,98,400 equity shares of face value ₹10 each at issue price of ₹112 per share
  • Issue Expenses: ₹190.00 lakhs attributable to fresh issue
  • Net Proceeds Available: ₹1,600.21 lakhs
  • Funds Utilized During Quarter: ₹440.21 lakhs
  • Cumulative Funds Utilized: ₹1,600.21 lakhs (100% of net proceeds)
  • Unutilized Amount: ₹0

Fund Utilization Breakdown

| Object | Proposed Allocation (₹ lakhs) | Utilized During Quarter (₹ lakhs) | Cumulative Utilized (₹ lakhs) |

| Repayment/prepayment of outstanding borrowings | 1,375.00 | 215.00 | 1,375.00 |

| General Corporate Purposes | 225.21 | 225.21 | 225.21 |

| Total | 1,600.21 | 440.21 | 1,600.21 |

Parties Involved

  • Listed Entity: Diksha Polymers Limited (formerly Diksha Polymers Private Limited)
  • Stock Exchange: BSE Limited (SME Platform)
  • Statutory Auditor: M/s Agarwal R C & CO, Chartered Accountants (Firm Registration No: 152617W)

Deviation/Variation Status

There has been no deviation or variation in the utilization of IPO proceeds from the objects stated in the prospectus. The company confirmed:

  • No deviation in objects or purposes for which funds were raised
  • No deviation in amount of funds actually utilized as against originally disclosed
  • No change in terms of any contract referred to in the prospectus

Monitoring and Certification

  • Monitoring Agency: Not applicable
  • Audit Committee Comments: Nil
  • Auditor Comments: Nil
  • Statutory Auditor Certification: Confirmed proper utilization of all net proceeds toward objects specified in prospectus with no unutilized balance

Financial Impact

The entire net IPO proceeds of ₹1,600.21 lakhs have been fully utilized as per the objects stated in the prospectus, with no financial impact from deviation or variation.