Methodhub Software Limited filed a regulatory disclosure with BSE Limited confirming no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) from the objects stated in the Prospectus dated December 10, 2025.
The filing was made pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 read with SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019.
Key Financial Details
- Date of Raising Funds: December 12, 2025
- Total Issue Size: ₹102.49 crore (Fresh Issue: ₹87.50 crore + Offer for Sale: ₹14.99 crore)
- IPO Expenses: ₹14.30 crore
- Net Proceeds Available for Utilization: ₹87.49 crore
Fund Utilization Details
Funds were utilized exactly as per the original prospectus objectives:
- Repayment of outstanding loans: ₹13.6 crore (no deviation)
- Augmentation of long-term working capital: ₹13.5 crore against allocated ₹25.00 crore (no deviation reported)
- Investment in subsidiary MethodHub Consulting Inc. (USA): ₹4.00 crore (no deviation)
- Unidentified inorganic acquisitions and GCP: ₹18.97 crore against allocated ₹30.59 crore (no deviation reported)
- Issue expenses: ₹14.23 crore against allocated ₹14.30 crore (no deviation reported)
- Total utilized: ₹64.3 crore
Governance and Compliance
- Monitoring Agency: Brickwork Ratings India Private Limited
- Audit Committee Review: Approved the statement for quarter ended June 30, 2026
- Audit Committee Comments: No comments
- Auditor Comments: No comments
- Shareholder Approval: Not applicable (no deviation)
The report is available on the Company's website at https://methodhub.in/.
The statement was digitally signed by Muthukrishnan Shanmuga Thevar, Company Secretary and Compliance Officer (Membership No. A61530).