IPO Details
- Date of Raising Funds: December 12, 2025
- Mode of Fund Raising: Public Issue (Fresh Issue and Offer for Sale of Equity shares)
- Amount Raised: ₹102.49 crore (Fresh Issue: ₹87.50 crore + Offer for Sale: ₹14.99 crore)
- Expenses incurred related to IPO issue: ₹14.30 crore
- Net Proceeds available for utilization: ₹87.49 crore
Fund Utilization Status
Monitoring Agency: Brickwork Ratings India Private Limited
Detailed Utilization as of September 30, 2026:
- Repayment/prepayment of outstanding loans: ₹13.6 crore utilized (fully allocated)
- Augmentation of long-term working capital: ₹15.39 crore utilized (against ₹25.00 crore allocation)
- Investment in wholly owned subsidiary MethodHub Consulting Inc. (USA) for working capital: ₹4.00 crore utilized (fully allocated)
- Unidentified inorganic acquisitions and GCP: ₹18.97 crore utilized (against ₹30.59 crore allocation)
- Issue expenses: ₹14.25 crore utilized (against ₹14.30 crore allocation)
- Total Funds Utilized: ₹66.21 crore (against total net proceeds of ₹87.49 crore)
Key Confirmations
- No deviation or variation in use of funds raised
- No modification to original objects or allocations
- No change in terms of contract referred to in prospectus
- Audit Committee reviewed and approved the statement on November 13, 2026 - No Comments
- Auditors had no comments on the utilization
Additional Information
The statement is available on the company's website at https://methodhub.in/
Signed by S Muthukrishnan (Muthukrishnan Shanmuga Thevar), Company Secretary and Compliance Officer (Membership No. A61530) on behalf of Methodhub Software Limited.