Quarterly Updates13 May 2026, 06:22 pm
Bhavik Enterprises: No Deviation in IPO Proceeds Utilization
AI Summary
Bhavik Enterprises Ltd. confirms no deviation or variation in the utilization of IPO proceeds from the objects stated in the prospectus dated September 18, 2025, for the quarter ended March 31, 2026. The company raised ₹5460.18 Lakhs (excluding issue related expenses) through a public issue between September 25, 2025, and September 30, 2025. During Q4 FY2026, ₹2665.68 Lakhs was utilized. Unutilized funds of ₹26.65 crores were initially kept as FDs but later substituted by funds from customer receipts and internal accruals for working capital.
Key Highlights
- Bhavik Enterprises confirms no deviation in IPO proceeds utilization for Q4 FY26.
- ₹5460.18 Lakhs raised through IPO was allocated for working capital and general corporate purposes.
- ₹2665.68 Lakhs utilized during Q4 FY26, with unutilized funds initially in FDs.
- Working capital requirements were funded from customer receipts and internal accruals.
- General Corporate Funds of ₹710.18 Lakhs were utilized for working capital.
Price Impact
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