Key Quantitative Figures
- IPO Fund Raising Date: March 24, 2025
- Total Amount Raised: ₹44,86,44,000 (₹44.86 crore)
- Reporting Period: Year ended March 31, 2026
- Amount Utilized: ₹44,80,43,816 (₹44.80 crore)
- Unutilized Amount: ₹6,00,184 (₹6.00 lakh)
- Amount in Escrow Account: ₹6,00,184
Fund Utilization Details
The entire IPO proceeds of ₹44.86 crore were allocated for "To meet Working Capital Requirements." As of March 31, 2026, the company has utilized ₹44.80 crore for this purpose, with only ₹6.00 lakh remaining unutilized in the company's designated Public Issue Account maintained with a scheduled commercial bank.
Auditor Certification
RKP Associates, Chartered Accountants (Firm Reg No: 322473E), certified the utilization of funds. Their examination confirmed:
- The entire IPO proceeds were credited to the company's designated Public Issue Account
- No part of the IPO proceeds has been temporarily invested, advanced, or otherwise deployed for any purpose other than working capital requirements
- The unutilized balance of ₹6.00 lakh remains in the designated account
- The certificate was issued by CA. Sumanta Kumar Nayak (Partner, Membership No.: 115108) on May 22, 2026
Parties Involved
- Listed Entity: Paradeep Parivahan Limited (CIN: L52241OR2000PLC006379)
- Stock Exchange: BSE Limited (SME Platform)
- Managing Director: Khalid Khan (DIN: 06432054)
- Statutory Auditor: RKP Associates, Chartered Accountants
Financial Impact
The disclosure confirms no financial impact from deviation or variation in fund utilization. The minimal unutilized amount (₹6.00 lakh) represents only 0.13% of the total funds raised.