IPO Fundraising Details
- Mode of Fund Raising: Initial Public Offer (IPO)
- Type of Instrument: Equity
- Date of Raising Funds: July 21, 2026
- Amount Raised: ₹160.35 crore (₹16,034.64 lakhs)
- Monitoring Agency: Not applicable
Fund Utilization Status as of September 30, 2026
Breakdown by Object:
1. Capital expenditure for plant and machinery
- Original Allocation: ₹6,103.25 lakhs
- Funds Utilized: ₹2,873.44 lakhs
- Unutilized Balance: ₹3,229.81 lakhs
- Remarks: The unutilized balance has been placed in Fixed Deposits and bank accounts maintained with Axis Bank
2. Working capital requirements
- Original Allocation: ₹8,150.00 lakhs
- Funds Utilized: ₹6,194.00 lakhs
- Unutilized Balance: ₹1,956.00 lakhs
3. General corporate purposes
- Original Allocation: ₹970.59 lakhs
- Funds Utilized: ₹282.29 lakhs
- Unutilized Balance: ₹688.30 lakhs
4. Issue related expenses
- Original Allocation: ₹809.79 lakhs
- Funds Utilized: ₹780.84 lakhs
- Unutilized Balance: ₹28.95 lakhs
Total Utilization:
- Total Proceeds Raised: ₹16,034.64 lakhs
- Total Funds Utilized: ₹10,130.57 lakhs
- Total Unutilized Balance: ₹5,904.06 lakhs
Auditor Certification
Vishnu Daya & Co LLP (FRN: 008456S/S200092), Chartered Accountants, has verified and certified the utilization of funds raised through the IPO up to September 30, 2026. The certificate confirms that funds have been utilized towards the objects stated in the Prospectus issued by the Company.