Key Financial Figures

  • Total IPO Funds Raised: Rs. 22,10,00,000 (Rs. 22.10 crore) on September 16, 2025
  • IPO Expenses: Rs. 2,93,23,000 (Rs. 2.93 crore)
  • Net Proceeds Credited to Designated Account: Rs. 19,16,77,000 (Rs. 19.17 crore)
  • Total Utilized as of March 31, 2026: Rs. 11,54,64,000 (Rs. 11.55 crore)
  • Unutilized Balance: Rs. 4,19,78,000 (Rs. 4.20 crore)

Detailed Utilization Breakdown

Capital Expenditure for Coke Oven Plant

  • Amount Disclosed in Prospectus: Rs. 16,49,31,000 (Rs. 16.49 crore)
  • Actual Utilized: Rs. 8,87,18,000 (Rs. 8.87 crore)
  • Unutilized: Rs. 7,62,13,000 (Rs. 7.62 crore)
  • Purpose: Installation of one Coke Oven Plant for expansion of capacity and modernization of existing plant

Temporary Deployment to Working Capital (Deviation)

  • Amount Disclosed in Prospectus: Nil
  • Actual Utilized: Rs. 3,42,35,000 (Rs. 3.42 crore)
  • Purpose: Temporary deployment towards working capital requirement for execution of purchase orders from RINL aggregating to Rs. 35,11,04,000 (Rs. 35.11 crore)

General Corporate Purposes

  • Amount Disclosed in Prospectus: Rs. 2,67,46,000 (Rs. 2.67 crore)
  • Actual Utilized: Rs. 2,67,46,000 (Rs. 2.67 crore)
  • Unutilized: Nil
  • Usage: Used as working capital

Balance in Designated Escrow Account

  • Unutilized Amount: Rs. 4,19,78,000 (Rs. 4.20 crore) remains in company's designated Public Issue account

Management Affirmation

The company affirmed that the temporary deployment of funds was undertaken in the ordinary course of business and was considered commercially expedient and operationally necessary for maintaining adequate inventory levels, ensuring operational liquidity, and facilitating uninterrupted continuity of business operations.

Auditor Certification

PAMS & Associates, Chartered Accountants (Firm Regn. No. 316079E) certified the utilization of funds after examination of relevant records and supporting documents. The auditor confirmed that the utilization has been made in accordance with the stated objects of the issue except for the temporary working capital deployment.