Regulatory19 May 2026, 08:51 pm
Ace Alpha Tech: No Deviation in IPO Proceeds Utilisation
AI Summary
Ace Alpha Tech Ltd confirms no deviation in the utilisation of IPO proceeds for the half year ended March 31, 2026, as per Regulation 32 of SEBI (LODR) Regulations, 2015. The IPO raised ₹32,22,30,000, with ₹24,48,12,000 from fresh issue and ₹7,74,18,000 through offer for sale. CARE Ratings Limited is the monitoring agency. The Audit Committee reviewed the statement on May 19, 2026.
Key Highlights
- Ace Alpha Tech reports no deviation in IPO proceeds utilisation for H1 FY26.
- IPO raised ₹32.22 Cr, with ₹24.48 Cr from fresh issue.
- CARE Ratings Limited is monitoring agency for IPO proceeds.
- Audit Committee reviewed the statement on May 19, 2026.
- ₹716.37 lakhs utilized for Capital Expenditure out of ₹1,250 lakhs original allocation.