Udayshivakumar Infra Limited has submitted a regulatory compliance filing pursuant to SEBI Listing Obligations and Disclosure Requirements Regulation 32 for the quarter and half year ended 30th September 2026.
The disclosure confirms that there has been no deviation or variation in the utilization of funds raised through the company's Initial Public Offering (IPO).
IPO Details
- Date of Raising Funds: March 29, 2023 (allotment finalized by designated stock exchange and approved by Board resolution)
- Instrument: 1,88,57,142 equity shares
- Issue Price: ₹35 per equity share (including share premium of ₹25 per equity share)
- Amount Raised: INR 6,599 lakhs
- Listing Date: April 3, 2023 on BSE Limited and National Stock Exchange of India Limited
Fund Allocation and Utilization
| Object | Allocation Amount | Funds Utilized | Deviation/Variation |
| Issue Expenses | INR 484.16 lakhs | INR 484.16 lakhs | Not applicable |
| Funding incremental working capital requirements | INR 4,500.00 lakhs | INR 4,500.00 lakhs | Not applicable |
| General corporate purposes | INR 1,615.84 lakhs | INR 1,028.95 lakhs | Not applicable |
Key Disclosures
- Monitoring Agency: Not applicable
- Shareholder Approval Required: Not applicable (no deviation)
- Explanation for Deviation/Variation: Not applicable
- Audit Committee Comments: Not applicable
- Auditor Comments: Not applicable
Additional Information
The unutilized proceeds from the IPO have been temporarily invested/parked in bank accounts and deposits with State Bank of India. The IPO was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.
The filing serves as a compliance statement confirming that the company has maintained the original fund utilization objects without modification:
1. Funding incremental working capital requirements
2. General corporate purposes