Key Quantitative Figures
- IPO Size: ₹24.71 crore raised through fresh issue of 31,28,000 equity shares
- Share Price: ₹79 per equity share (Face value: ₹1, Premium: ₹78)
- Total Funds Utilized: ₹2,471.12 lakhs (fully utilized)
- Breakdown of Utilization:
- Development of New Products, Courses and New Features in LMS & Purchase of new Assets: ₹735.21 lakhs
- Working Capital Requirement: ₹500.67 lakhs
- Public Issue Expenses: ₹417.95 lakhs
- General Corporate Purpose and unidentified acquisitions: ₹817.29 lakhs
Parties Involved
- Listed Entity: Infonative Solutions Limited (Scrip Code: 544393, ISIN: INE12IB01015)
- Statutory Auditors: Kailash Chand Jain & Co (Firm Registration No. 112318W)
- Auditor Signatory: Abhishek Jain, Partner (Membership No: 407973, UDIN: 26407973CTTHVZ7330)
Financial Impact
All IPO proceeds have been fully utilized according to the objects stated in the prospectus. There is no unutilized amount remaining, and no financial impact from deviation or variation as none occurred.
Certification Details
The statutory auditors examined the Fund Utilization Statement and confirmed it is in agreement with the unaudited financial statements for the half year ended September 30, 2026. The certificate was prepared in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India.
Additional Information
- Monitoring Agency: Not applicable
- Shareholder Approval: Not required as no deviation occurred
- Audit Committee Comments: Nil
- Auditors Comments: Nil
The document serves as a compliance filing to BSE Limited and contains a restricted-use certificate addressed to the Board of Directors of Infonative Solutions Limited.