Company UpdateGeneral
Monitoring Agency reports nil deviations in IPO proceeds utilization for Sharvaya Metals for quarter ended June 30, 2026.
IPO proceeds utilization
- Monitors utilization of IPO proceeds (net Rs 41.87 cr) for Sharvaya Metals, quarter ended 30 Jun 2026.
- IPO size Rs 58.80 crore; net proceeds Rs 41.87 crore after expenses.
- Deviations from objects: Nil; no material deviation observed.
- Government approvals obtained: Yes, including principal approval from BSE.
- Utilisation to date: Rs 40.04 crore; unutilised proceeds: Rs 8.96 crore.
- Unutilised funds: fixed deposits Rs 8.00 crore and cash Rs 0.96 crore.
- Implementation delay: No delay across items.
- Objects remain as per offer document; no changes.