Airfloa Rail Technology: No IPO Proceeds Deviation for Q2 FY27
Airfloa Rail Technology Ltd has filed its Statement of Deviation & Variation for the quarter ended June 30, 2026. The company confirms there have been no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds during the specified quarter. The statement, reviewed by the Audit Committee and taken on record by the Board, indicates that all utilization is in line with the disclosures made in the Offer Document. The IPO proceeds were allocated to repayment of loan, working capital, capital expenditure, and general corporate funds. As of June 30, 2026, a significant portion of the IPO proceeds remains unutilized and is held in the Monitoring Agency Account and Public Issue Account, with a small amount earned as interest.
Key Highlights
- No deviation in IPO proceeds utilization for Q2 FY27.
- Utilization aligns with Offer Document disclosures.
- IPO funds allocated to loan repayment, working capital, capex, and general corporate.
- Significant unutilized IPO proceeds held in designated accounts.
Price Impact
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