Key Quantitative Figures

  • Total IPO Proceeds Raised: ₹1,697.65 lakhs (May 8, 2025)
  • Total Funds Utilized as of Sept 30, 2026: ₹852.06 lakhs (50.2% utilization)
  • Total Unutilized Funds as of Sept 30, 2026: ₹845.59 lakhs (49.8% unutilized)
  • Deviation Amount: ₹424.40 lakhs reallocated between objects

Objects and Utilization Details

Original Allocation vs Actual Utilization:

1. Manufacturing Facility Setup:

  • Original Allocation: ₹542.78 lakhs
  • Revised Allocation: ₹967.18 lakhs (after reallocation)
  • Utilized: ₹542.78 lakhs
  • Unutilized: ₹424.40 lakhs

2. Acquisition of Machinery:

  • Original Allocation: ₹951.00 lakhs
  • Revised Allocation: ₹526.60 lakhs (after reallocation)
  • Utilized: ₹118.00 lakhs
  • Unutilized: ₹408.60 lakhs

3. General Corporate Purpose:

  • Allocation: ₹49.85 lakhs
  • Utilized: ₹49.85 lakhs
  • Unutilized: ₹0

4. Offer Related Expenses:

  • Allocation: ₹154.02 lakhs
  • Utilized: ₹141.43 lakhs
  • Unutilized: ₹12.59 lakhs

Dates of Action and Approvals

  • IPO Date: May 8, 2025
  • Reporting Period: Half year ended September 30, 2026
  • Shareholder Approval Dates: September 30, 2025 and September 30, 2026
  • Filing Date: November 14, 2026

Parties Involved

  • Listed Entity: Srigee DLM Limited (Scrip Code: 544399)
  • Stock Exchange: BSE Limited (SME Platform)
  • Auditor: A.M.G.K, & Associates (CA Sagar Verma, Partner)
  • Company Representative: Suchitra Singh, Whole-Time Director & CFO (DIN: 08586042)

Explanation for Deviation

1. Change in manufacturing facility location from "Plot No. 15, Ecotech – X, Industrial Area, Greater Noida, Gautam Budh Nagar, Uttar Pradesh" to new location "Plot No R 11A, Integrated Industrial Township, Greater Noida"

2. Re-allocation of ₹424.40 lakhs originally earmarked for "Acquisition of machineries" towards increased fund requirement for the manufacturing facility setup object

Financial Impact and Current Status

  • Unutilized balance of ₹845.59 lakhs is lying in the Company's Bank Account in Fixed Deposits & Bank Accounts
  • Funds were not wholly applied for the purposes for which they were raised
  • ₹118.00 lakhs from machinery acquisition was used to purchase machinery installed at existing plant (not new manufacturing plant as stated in prospectus)

Auditor Certification

A.M.G.K, & Associates certified the utilization statement after examining relevant bank statements and supporting records. The certificate is issued solely for submission to BSE Limited and regulatory authorities.