Fund Raising Details
The company raised funds through an IPO with the following specifics:
- Estimated net proceeds from issue (as per prospectus): ₹190.47 crore
- Actual net proceeds (excluding issue-related expenses): ₹189.3946 crore
- Additional funds raised through Pre-IPO Placement/Private Placement: ₹15 crore (as disclosed in prospectus)
- Issue-related expenses exceeded estimated amount by: ₹1.0841 crore
Deviation Statement
There is NO deviation or variation in the use of funds raised. The company confirms that funds have been utilized exactly as per the original objects specified in the offer document.
Fund Utilization Details
| Object | Original Allocation (₹ crore) | Funds Utilized (₹ crore) | Deviation |
| Repayment/prepayment of certain borrowings | 59.00 | 59.00 | Nil |
| Funding of Working Capital requirements | 115.00 | 115.00 | Nil |
Monitoring and Compliance
- Monitoring Agency: ICRA Limited
- Shareholder Approval Required: Not applicable (NA)
- Date of Shareholder Approval: Not applicable (NA)
- Auditor Committee Comments: None
- Auditor Comments: None
Additional Information
The statement will be disseminated on the company website: https://patelrpl.in/investor-relations/