Key Quantitative Figures

  • IPO Date: October 3, 2025
  • Total Amount Raised: ₹22,34,62,400.00
  • Monitoring Agency: Not applicable

Fund Utilization Details

Capital Expenditure for Equipment/Machineries

  • Proposed Amount: ₹2,31,17,000
  • Utilized Amount: ₹2,31,17,000
  • Balance: ₹0
  • Note: ₹103.18 lakhs has been given as advance for acquisition of assets

Working Capital Requirements

  • Proposed Amount: ₹8,50,00,000
  • Utilized Amount: ₹8,75,03,602
  • Deviation: Excess utilization of ₹25,03,602 (from saved issue expenses)

Repayment of Borrowings

  • Proposed Amount: ₹6,00,00,000
  • Utilized Amount: ₹6,00,00,000
  • Balance: ₹0

General Corporate Purposes

  • Proposed Amount: ₹3,33,45,000
  • Utilized Amount: ₹3,33,45,000
  • Balance: ₹0

Issue Related Expenses

  • Proposed Amount: ₹2,20,00,000
  • Utilized Amount: ₹1,94,96,398
  • Balance: ₹25,03,602

Key Findings

  • No deviation in utilization of funds from objects stated in the Prospectus
  • Excess net proceeds of ₹25.04 lakhs (due to lower issue expenses) utilized towards working capital requirements
  • Company has fully utilized the IPO proceeds
  • No material deviation from objects of the issue observed

Certification Details

  • Auditor: CA (Dr) N K Mittal (Partner, Membership No: 046785)
  • UDIN: 26046785YWUUEG2806
  • Certification Date: June 9, 2026
  • Place: Mumbai