Key Findings
The company confirms there is no deviation or variation in respect of the utilization of the proceeds of the Initial Public Offer (IPO) during the half-year ended September 30, 2026, compared to the objects mentioned in the prospectus.
IPO Details
- Date of Raising Funds: January 12, 2026
- Amount Raised: ₹12,040.80 lakhs
- Mode of Fund Raising: Public Issue
- Monitoring Agency: Yes (Care Ratings Limited)
Fund Utilization Breakdown (as of September 30, 2026)
Objects of Issue and Utilization:
1. Setting up of 50,000 sq.ft. shed and additional production capacity (4 tons per day) at existing manufacturing unit at Jagannathpur, Phuleshwar, Uluberia, District Howrah
- Original Allocation: ₹1,192.76 lakhs
- Amount Utilized: ₹380.80 lakhs
2. Investment in subsidiary Yashodha Linen Yarn Limited for setting up greenfield unit at Vikram Udyogpuri, DMIC (Industrial Park, Ujjain, Madhya Pradesh) for 100% wet spun linen yarn and blended yarn
- Original Allocation: ₹4,800.00 lakhs
- Amount Utilized: ₹2,515.00 lakhs
3. Funding of working capital requirements
- Original Allocation: ₹3,600.00 lakhs
- Amount Utilized: ₹3,600.00 lakhs
4. General Corporate Purposes
- Original Allocation: ₹1,000.00 lakhs
- Amount Utilized: ₹1,000.00 lakhs
5. IPO Issue Expenses
- Original Allocation: ₹1,448.04 lakhs
- Amount Utilized: ₹1,432.00 lakhs
Total Utilization: ₹8,927.80 lakhs
Unutilized Amount: ₹3,113.00 lakhs
Additional Information
The document includes an annexure with detailed utilization statement and bears the header of R Kothari & Co LLP, Chartered Accountants, Kolkata.