Key Findings
The company confirms that during the quarter ended March 31, 2026, there was no deviation or variation in the utilization of proceeds of the IPO from the objects stated in the Prospectus dated November 18, 2024.
Fund Raising Details
- Mode of Fund Raising: Public Issue
- Date of Raising Funds: November 20, 2024
- Amount Raised: With OFS portion: ₹1,114.722 Crore; Excluding OFS portion: ₹550.00 Crore
- Monitoring Agency: ICRA Limited
Fund Utilization Status as of March 31, 2026
Funding towards sales and marketing costs
- Original Allocation: ₹200.000 Crore
- Funds Utilized: ₹137.297 Crore
- Deviation/Variation: N/A
- Remarks: No Comments
Investment in Blackbuck Finserve Private Limited (NBFC subsidiary)
- Purpose: Financing the augmentation of its capital base to meet its future capital requirements
- Original Allocation: ₹140.000 Crore
- Funds Utilized: ₹140.000 Crore (fully utilized)
- Deviation/Variation: N/A
- Remarks: No Comments
General corporate purposes
- Original Allocation: ₹135.000 Crore
- Funds Utilized: ₹121.689 Crore
- Deviation/Variation: N/A
- Remarks: No Comments
Additional Information
- An amount of ₹0.222 crore was received as reimbursement for expenditure which was funded through internal accruals (related to product development).
- The Statement of deviation or variation was duly reviewed by the Audit Committee of the Company at its meeting held on May 19, 2026.
- This disclosure is hosted on the company's website at www.blackbuck.com.