Quarterly Result30 May 2026, 04:51 pm
Aritas Vinyl IPO Proceeds: No Deviations as of March 2026
AI Summary
Aritas Vinyl Ltd reports no deviations or variations in the utilization of IPO proceeds for the half year and year ended March 31, 2026. The company raised ₹3289.34 Lakhs through its IPO, which was credited to a designated Public Offer Account. Funds were allocated to capital expenditure for a solar power project, working capital, general corporate purposes, and public issue expenses. Savings in public issue expenses were utilized in working capital.
Key Highlights
- Aritas Vinyl confirms no deviation in IPO fund utilization as of March 31, 2026.
- IPO raised ₹3289.34 Lakhs for capital expenditure, working capital, and general purposes.
- ₹425.61 Lakhs allocated for solar power project, with ₹85.61 Lakhs utilized.
- ₹2045.00 Lakhs allocated for working capital, with ₹2073.15 Lakhs utilized.
- Savings of ₹28.15 Lakhs from public issue expenses were reallocated to working capital.
Price Impact
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