IPO Details
- Issue Date: February 27, 2026
- Issue Size: ₹37,951.52 lakh
- Credit Rating Agency: CARE Ratings Limited (appointed)
Objects of the Issue as per Prospectus
1. Funding expenditure towards setting-up of 15 new brand-exclusive stores across India with focus on Tier-1 cities and selective exploration of Tier-2 cities in Maharashtra and other metro cities.
2. Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of the flagship brand "Reva".
Fund Utilization Status as of September 30, 2026
- Original Object: Setting up new exclusive brand stores across India, Marketing & Promotional expenses, and general corporate purposes
- Original Allocation: ₹37,951.50 lakh
- Funds Utilized: ₹9,444.06 lakh
- Amount of Deviation/Variation: Nil
- Remarks: No deviations or variations reported for the quarter