IPO Details
- Mode of Fund Raising: Initial Public Offer (IPO)
- Type of Instrument: Equity
- IPO Subscription Period: January 6, 2026 to January 8, 2026
- Date of Raising Funds: January 9, 2026
- Listing Date: January 13, 2026 on Bombay Stock Exchange
- Amount Raised: ₹29.16 crore (₹2916.00 lakhs)
- Bank Account Details: Axis Bank Account No. 925020059535586 (Public Offer Account)
Fund Utilization Status
As of September 30, 2026, the entire IPO proceeds of ₹29.16 crore have been fully utilized according to the objects stated in the Prospectus dated January 9, 2026.
Detailed Utilization Breakdown:
| Object of Issue | Allocated Amount (₹ lakhs) | Utilized Amount (₹ lakhs) | Unutilized Amount (₹ lakhs) | Remarks |
| Working Capital Requirement | 2211.00 | 2211.00 | - | - |
| General Corporate Purpose | 299.72 | 299.72 | - | - |
| Capital Expenditure for plant and machinery | 105.67 | 105.67 | - | Three machines valuing ₹155.98 lakhs were purchased during April 2026 to September 2026 |
| Public Issue Expenses | 299.61 | 299.61 | - | Travel expenses amounting to ₹1.05 lakhs not accounted for in previous year were recorded in books in April 2026 |
Auditor Verification
Vipin Aggarwal Kudsia & Associates, Chartered Accountants (FRN-009771N) certified:
- Entire IPO proceeds were credited to the designated Public Offer Account
- Funds utilized in accordance with objects stated in the Prospectus
- No part of IPO proceeds was temporarily invested, advanced, or deployed for any other purpose
- Certificate issued specifically for submission to BSE under SEBI LODR Regulations