Udayshivakumar Infra Limited submitted a regulatory filing pursuant to SEBI Listing Obligations and Disclosure Requirements Regulation 32 for the quarter ended 30th June 2026. The disclosure confirms there has been no deviation or variation in the utilization of funds raised through the company's Initial Public Offering (IPO).
IPO Details
The company completed its IPO offering of 1,88,57,142 equity shares at a price of ₹35 per share (including a share premium of ₹25 per equity share), resulting in total funds raised of ₹6,599 lakhs (₹65.99 crore). The allotment was finalized by the designated stock exchange on March 29, 2023, and approved by the Board meeting resolution of the same date. The company listed on both BSE Limited and National Stock Exchange of India Limited on April 3, 2023.
Fund Utilization Allocation
The net proceeds from the IPO were allocated as follows:
- Funding incremental working capital requirements: ₹4,500.00 lakhs
- General corporate purposes: ₹1,615.84 lakhs
- Issue expenses: ₹484.16 lakhs
Current Status
As of the quarter ended June 30, 2026, the company reported:
- No deviation or variation in the use of raised funds
- No change in terms of contract or objects requiring shareholder approval
- The unutilized proceeds have been temporarily invested/parked in bank accounts and deposits with State Bank of India