Fund Raising Details
- Mode of Fund Raising: Public Issues/Rights Issues/Preferential Issues/QIP/QUEPS
- Date of Raising Funds: February 27, 2026
- Amount Raised: ₹37,951.52 Lakh (₹379.5152 Crore)
- Report Period: Quarter ended June 30, 2026
Monitoring Arrangement
The company has appointed a monitoring agency for fund utilization: CARE Ratings Limited.
Deviation/Variation Status
The company has confirmed that there is NO deviation or variation in the use of funds raised through the public issue. The audit committee has reviewed the report and provided the comment: "Nil, report approved." There are no comments from auditors regarding fund utilization.
Objects of Fund Raising
The funds were raised for the following objects as stated in the prospectus filed for the Initial Public Offer (IPO):
1. Funding expenditure towards setting-up of 15 new brand-exclusive stores across India with a focus on Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities in India.
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" in their respective areas.