IPO Details
- Mode of Fund Raising: Initial Public Offering (IPO)
- Date of Raising Funds: 23 September 2025 to 7 October 2025
- Amount Raised: ₹64.13 Crores
- Share Details: 5,300,000 Equity Shares at ₹121 per share
Fund Utilization Details
Funds were utilized exactly as per the original objects stated in the prospectus:
- Repayment/prepayment of borrowings: ₹21.88 Crores
- Funding capital expenditure for new project: ₹13.00 Crores
- Additional working capital for existing business: ₹9.00 Crores
- Long-term working capital for new project: ₹16.00 Crores
- Issue Expenses: ₹4.15 Crores (slightly lower than the originally allocated ₹4.25 Crores)
Monitoring and Oversight
- Monitoring Agency: Brickwork Ratings India Private Limited
- Audit Committee Review: The Audit Committee reviewed the utilization statement at its meeting held on 30 May 2026
- Audit Committee Comments: No comments
- Auditor Comments: No comments
Financial Impact
No financial impact from deviations as there were no deviations in fund utilization. All funds were utilized according to the original objects disclosed in the IPO prospectus.
Signatories and Authentication
- Company Secretary: ANJALI SHUKLA (digitally signed)
- Managing Director: Vikrant Singhal (DIN: 02171429)