IPO Fundraising Details
The company raised a total of ₹214.76 crore through its IPO, consisting of:
- Fresh issue/gross proceeds: ₹120.00 crore (Net proceeds: ₹107.93 crore)
- Offer for sale: ₹94.76 crore
Monitoring and Compliance
- Monitoring agency: CARE Rating Limited
- Deviation in use of funds: No
- Shareholder approval: Not applicable as no material deviation occurred
- Audit committee comments: Not applicable
- Auditor comments: Not applicable
Fund Utilization Details (as of June 30, 2026)
| Purpose | Original Allocation (₹ Cr) | Funds Utilized (₹ Cr) | Deviation |
| Acquisition of office premise at Navi Mumbai | 10.35 | 10.35 | None |
| Funding of capital expenditure requirements | 79.65 | 45.05 | None |
| General corporate purposes | 17.93 | 17.93 | None |
| Issue expenses | 12.07 | 7.76 | None |
| Total | 120.00 | 81.09 | None |