Key Quantitative Figures

  • IPO Date: December 3, 2025
  • Amount Raised: ₹39.9 crore (₹3990.47 lakh)
  • Total Funds Utilized: ₹1575.03 lakh as of March 31, 2026
  • Quarter Ended: March 31, 2026

Fund Utilization Breakdown

Detailed utilization of IPO proceeds across original objects with zero deviation:

1. Capital Expenditure towards upgrading physical infrastructure

  • Original Allocation: ₹185.83 lakh
  • Funds Utilized: ₹13.84 lakh
  • Variation: ₹0

2. Investment in Human Resources through Manpower hiring

  • Original Allocation: ₹1527.55 lakh
  • Funds Utilized: ₹51.74 lakh
  • Variation: ₹0

3. Capital expenditure towards upgradation of IT infrastructure

  • Original Allocation: ₹417.41 lakh
  • Funds Utilized: ₹60.1 lakh
  • Variation: ₹0

4. Funding for business development and marketing activities

  • Original Allocation: ₹250 lakh
  • Funds Utilized: ₹26.99 lakh
  • Variation: ₹0

5. General Corporate purpose

  • Original Allocation: ₹487.32 lakh
  • Funds Utilized: ₹300 lakh
  • Variation: ₹0

6. Issue Expense

  • Original Allocation: ₹402.08 lakh
  • Funds Utilized: ₹402.08 lakh
  • Variation: ₹0
  • Remark: Issue expenses were apportioned between the Company and selling shareholders in the ratio of 41:9

7. Offer for sale (OFS)

  • Original Allocation: ₹720.28 lakh
  • Funds Utilized: ₹720.28 lakh
  • Variation: ₹0

Regulatory and Governance Aspects

  • Monitoring Agency: Not applicable
  • Shareholder Approval: Not required (no deviation)
  • Audit Committee Review: Confirmed no deviation/variation identified
  • Auditor Comments: None provided
  • Regulatory Reference: SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019

Signatory and Submission Details

  • Submitted by: Umesh Sharma, Managing Director (DIN: 03550371)
  • Company Address: T4/602, Hero Homes, Sidhwan Canal Road, Near Janpath Estate, Birmi, Ludhiana, Punjab-142027
  • Submission Date: May 30, 2026
  • Digital Signature Timestamp: May 30, 2026 at 14:39:40 IST

Financial Impact Assessment

The disclosure confirms no financial impact from deviation as all funds have been utilized in accordance with objects specified in the offer document. The entire proceeds raised have been utilized for original objects without any variation.