IPO Fund Details

  • Mode of Fund Raising: Initial Public Offer (IPO)
  • Type of Instrument: Equity
  • Date of Raising Funds: December 03, 2025
  • Amount Raised: ₹3430.00 lakhs (inclusive of ₹245.00 lakhs from Pre-IPO placement)
  • Monitoring Agency: Not applicable

Fund Utilization Status as of September 30, 2026

| Object of Issue | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) | Unutilized Funds (₹ Lakhs) | Deviation/Variation |

| Working Capital Requirement | 1572.70 | 1252.19 | 320.51 | Nil |

| Investment in Product Development | 680.00 | 360.22 | 319.78 | Nil |

| Repayment/prepayment of borrowings | 253.33 | 253.33 | 0.00 | Nil |

| Issue Expenses | 455.53 | 455.53 | 0.00 | Nil |

| General Corporate Purposes | 468.44 | 300.00 | 168.44 | Nil |

| Total | 3430.00 | 2621.27 | 808.73 | |

Quarterly Utilization Breakdown (From Auditor's Certificate)

  • Total utilized up to June 30, 2026: ₹1765.45 lakhs
  • Additional utilized from July 1, 2026 to September 30, 2026: ₹855.82 lakhs
  • Cumulative utilization as of September 30, 2026: ₹2621.27 lakhs

Deployment of Unutilized Funds

Unutilized net proceeds of ₹808.73 lakhs are maintained/deployed as follows:

  • ₹1.53 lakhs in dedicated bank account earmarked for product development investment
  • ₹318.25 lakhs invested in Fixed Deposits earmarked for product development investment
  • ₹499.99 lakhs invested in Fixed Deposits (includes interest income)
  • ₹19.92 lakhs maintained as bank account balance (includes interest income)

Additional Financial Details

  • Interest income earned on Fixed Deposits: ₹22.26 lakhs (included in amounts above)
  • Issue expenses initially incurred from internal accruals pending reimbursement: ₹8.70 lakhs

Auditor's Certification

CA Arora Prem & Associates (FRN: 006426N) certified that:

  • Funds were credited to the company's designated Public Issue Account with a scheduled bank
  • No part of IPO proceeds has been invested, advanced, or deployed for any purpose other than stated objects
  • The certificate is issued for submission to BSE Limited (SME Platform) and regulatory authorities