Regulatory18 May 2026, 09:51 pm
Chemkart India: No Deviation in IPO Proceeds Utilization
AI Summary
Chemkart India Ltd. has confirmed no deviations or variations in the utilization of IPO proceeds for the half-year ended March 31, 2026, as per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and the Board of Directors recorded the statement on May 18, 2026. The IPO raised ₹64.48 Crores on July 9, 2025, with net proceeds of ₹54.68 Crores utilized for capital expenditure, debt repayment, and general corporate purposes. Brickwork Ratings India Private Limited served as the monitoring agency.
Key Highlights
- Chemkart India reports no deviation in IPO proceeds utilization for H1 FY26.
- IPO raised ₹64.48 Crores in July 2025, with ₹54.68 Crores net proceeds.
- Proceeds utilized for manufacturing facility, debt repayment, and corporate purposes.
- Audit Committee reviewed and Board approved the statement on May 18, 2026.
- Brickwork Ratings India Private Limited was the monitoring agency.
Price Impact
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