IPO Details
- Mode of Fund Raising: Public Issue (Fixed Price SME IPO)
- Date of Raising Funds: November 14, 2025 (Date of Listing)
- Amount Raised: ₹17.10 Crores (15,00,000 Equity Shares at ₹114 each)
- Monitoring Agency: Not Applicable
Utilization Status
- Is there a deviation/variation in use of funds raised? No
- Explanation for deviation/variation: NA
- Comments of Audit Committee: NA
- Comments of auditors: NA
Detailed Fund Utilization (₹ in Lakhs)
| Object of Utilization | Amount Allocated | Amount Utilized (as of 31/03/2026) | Unutilized Amount |
| Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | 906.53 | 888.70 | 17.83 |
| Funding working capital requirements | 385.00 | 385.00 | 0.00 |
| General corporate purposes | 248.47 | 248.47 | 0.00 |
| IPO related Expenses | 170.00 | 170.00 | 0.00 |
| Total | 1,710.00 | 1,692.17 | 17.83 |
Auditor Certification
V S S B & Associates, Chartered Accountants (Firm No. 121356W) certified the utilization of IPO proceeds after examining books of accounts and relevant records. The certification confirms:
- Total proceeds from IPO: ₹1,710.00 Lakhs
- Total utilization as of March 31, 2026: ₹1,692.17 Lakhs
- Unutilized amount: ₹17.83 Lakhs
Additional Notes
1. The balance unutilized amount of ₹17.83 lakh remains invested in short-term fixed deposits or bank balances, pending deployment for approved purposes.
2. The company confirms utilization is in accordance with objects stated in the offer documents.
3. Utilization has been reviewed by the Audit Committee.