Safecure Services Limited submitted a regulatory disclosure to BSE Limited regarding the utilization of proceeds from its Initial Public Offering (IPO). The company raised ₹30.6 crore (INR 30,60,00,000) through an IPO of 30,00,000 equity shares of face value ₹10 each, pursuant to a prospectus dated October 18, 2025. The allotment date was November 3, 2025.
The company confirms there is no deviation or variation in the utilization of the issue proceeds from the objects stated in the prospectus. The Audit Committee has reviewed and noted that there is no deviation in the utilization of proceeds. There are no comments from auditors.
Fund Utilization Details (as of March 31, 2026)
Total Amount Raised: ₹30.6 crore (3,060 lakhs)
Total Amount Utilized: ₹27.6 crore (2,760 lakhs)
Total Pending Utilization: ₹3.0 crore (300 lakhs)
Breakdown of utilization according to prospectus objects:
- Repayment of Company Borrowings: Original allocation ₹4.75 crore - ₹3.404 crore utilized, ₹1.346 crore pending utilization
- Repayment of Subsidiary Borrowings (via loans/advances): Original allocation ₹3.5 crore - ₹3.5 crore fully utilized, ₹0 pending
- Working Capital Requirements: Original allocation ₹13.0 crore - ₹11.346 crore utilized, ₹1.654 crore pending utilization
- General Corporate Expenses: Original allocation ₹4.5 crore - ₹4.5 crore fully utilized, ₹0 pending
- Issue Related Expenses: Original allocation ₹4.85 crore - ₹4.85 crore fully utilized, ₹0 pending
The company notes that the balance funds pending utilization (₹3.0 crore) are expected to be utilized in the ordinary course of business within a short period for the stated objects of repayment of borrowings and working capital requirements, in accordance with regulatory requirements.