Key Quantitative Figures
- IPO raised: ₹44,86,44,000 (₹44.86 crore)
- Funds utilized: ₹44,80,43,816 (₹44.80 crore)
- Unutilized amount: ₹6,00,184 (₹6.00 lakh)
- Utilization percentage: 99.87% of raised funds
Parties Involved
- Listed entity: Paradeep Parivahan Limited (CIN: L52241 OR2000PLCO06379)
- Managing Director: Khalid Khan (DIN: 06432054)
- Statutory auditors: RKP Associates (Firm Reg No: 322473E)
- Audit partner: CA. Sumanta Kumar Nayak (Membership No.: 115108)
- Stock exchange: BSE Limited (SME Platform)
Purpose and Rationale
Confirmation that IPO proceeds were utilized in accordance with objects stated in the prospectus dated March 6, 2025, with no deviation or variation in fund utilization.
Financial Impact
- Funds fully utilized for working capital requirements as per prospectus
- No temporary investments or advances made from IPO proceeds
- Unutilized amount of ₹6.00 lakh remains in designated Public Issue Account
Verification Process
- Auditors verified bank statements and supporting records
- Examination conducted per ICAI Guidance Note on Reports or Certificates for special purposes
- Compliance with Standard on Quality Control (SQC) 1
Governance Approval
- Statement reviewed by audit committee
- Taken on record by board of directors
- Both approvals obtained on November 11, 2026