FX Multitech: No Deviation in IPO Fund Use for H1 FY27
FX Multitech Ltd has filed its Statement of Deviation & Variation for the half-year ended September 30, 2026, concerning the utilization of funds raised through its Initial Public Offer (IPO). The company reported no deviation or variation in the use of funds. The total amount raised was Rs. 45.24 Crore. The funds were allocated across various purposes including repayment of borrowings (₹10.00 Crore), investment in subsidiary Everestt Chillers Private Limited for machinery (₹6.26 Crore), working capital (₹14.83 Crore), general corporate purposes (₹5.99 Crore), and issue expenses (₹4.12 Crore). A portion of the working capital funds (₹1.00 Crore) and issue expenses (₹3.75 Crore) were utilized during the period, with remaining amounts unutilized. The statement was reviewed by the Audit Committee on November 04, 2026.
Key Highlights
- No deviation reported in IPO fund utilization for H1 FY27.
- Total IPO funds raised: Rs. 45.24 Crore.
- Funds allocated for borrowings, subsidiary investment, working capital, and general corporate purposes.
- Audit Committee reviewed the utilization statement.
- Statement filed as per SEBI (LODR) Regulations, 2015.
Price Impact
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