Corporate Governance4 Nov 2026, 06:32 pm
Gabion Technologies IPO Funds Fully Utilized
AI Summary
Gabion Technologies India Limited has confirmed that the entire proceeds of its Initial Public Offer (IPO), amounting to ₹2,916.00 Lakhs (₹29.16 Crore), have been fully utilized as of September 30, 2026. The funds were allocated towards working capital requirements, general corporate purposes, capital expenditure for plant and machinery, and public issue expenses. The company stated that no part of the IPO proceeds has been temporarily invested, advanced, or otherwise deployed for purposes other than those disclosed in the prospectus. The utilization statement was prepared in accordance with SEBI regulations.
Key Highlights
- Gabion Technologies IPO proceeds of ₹2,916 Lakhs fully utilized.
- Funds allocated to working capital, general corporate, capex, and issue expenses.
- No deviation or variation in fund utilization reported.
- Company confirms funds used strictly as per prospectus.
- Statement covers the half-year period ending September 30, 2026.
Price Impact
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