IPO Fund Raising Details
Mode of Fund Raising: SME-Initial Public Issue (IPO)
Date of Raising Funds: October 6, 2025
Amount Raised: ₹16.84 crore (₹1683.60 lakh)
Monitoring Agency: Not Applicable
Deviation/Variation Status
Is there a Deviation/Variation in use of funds raised? No
Shareholder approval for changes: Not Applicable
Explanation for Deviation/Variation: Not Applicable
Date of shareholder approval: Not Applicable
Audit Committee and Auditor Comments
Comments of the Audit Committee: Not provided
Comments of the auditors: No Comments
Fund Utilization Details (₹ in Lakhs)
Original Objects and Utilization:
| Object | Original Allocation | Modified Object | Modified Allocation | Funds Utilized | Deviation/Variation |
| Purchase of Flatbed Trailers | 642.31 | Not Applicable | - | 642.31 | - |
| Prepayment or repayment of outstanding borrowings | 350.00 | Not Applicable | - | 350.00 | - |
| To meet working capital requirement | 275.00 | Not Applicable | - | 275.00 | - |
| General Corporate Purpose | 251.86 | Not Applicable | - | 251.86 | - |
| Public Issue Related Expenses | 164.43 | Not Applicable | - | 164.10 | - |
| Total | 1683.60 | | | 1683.27 | - |
Auditor Certification
Auditor Firm: Ankit M. Shah & Co., Chartered Accountants, Ahmedabad
FRN: 135877W
Certificate No: F.Y. 2026-2027/041
Date of Certificate: October 29, 2026
Auditor's Verification of Fund Utilization:
The auditors certified that the company maintained separate bank accounts and provided relevant documents for verification. The actual utilization matches the original objects disclosed in the offer document:
- Purchase of Flatbed Trailers: ₹642.31 lakh utilized (100% of allocated ₹642.31 lakh)
- Prepayment/repayment of borrowings: ₹350.00 lakh utilized (100% of allocated ₹350.00 lakh)
- Working capital requirement: ₹275.00 lakh utilized (100% of allocated ₹275.00 lakh)
- General corporate purposes: ₹251.86 lakh utilized (100% of allocated ₹251.86 lakh)
- Public Issue related expenses: ₹164.10 lakh utilized (99.8% of allocated ₹164.43 lakh)
Total Utilized: ₹1683.27 lakh
Unutilized Amount: ₹0.33 lakh (from public issue expenses)