IPO Proceeds Details
The company raised funds through fresh issue of 15,98,400 equity shares of face value ₹10 each at an issue price of ₹112 per equity share.
Financial Breakdown:
- Gross proceeds from Fresh Issue: ₹1,790.21 lakhs
- Less: Issue expenses attributable to Fresh Issue: ₹190.00 lakhs
- Net Proceeds available for utilisation: ₹1,600.21 lakhs
Utilization of Net IPO Proceeds
As at 30th September, 2026:
| Object of the Issue | Amount stated in Prospectus (₹ in Lakhs) | Amount utilized during quarter (₹ in Lakhs) | Cumulative amount utilized up to Sep 30, 2026 (₹ in Lakhs) | Unutilized amount (₹ in Lakhs) |
| Repayment/prepayment of outstanding borrowings | 1,375.00 | 215.00 | 1,375.00 | - |
| General Corporate Purpose | 225.21 | 225.21 | 225.21 | - |
| Total | 1,600.21 | 440.21 | 1,600.21 | - |
Key Findings
- The company has fully utilized ₹1,600.21 lakhs out of the Net Proceeds of the IPO up to September 30, 2026
- The amount has been applied towards the objects of the Issue as specified in the Prospectus
- No balance of Net IPO Proceeds remains unutilized as at 30th September, 2026
- No deviation or variation in the utilization of the Net Proceeds from the objects stated in the Prospectus