Business Update23 May 2026, 09:41 pm
Gabion Technologies IPO Proceeds Fully Utilized as of March 31, 2026
AI Summary
Gabion Technologies India 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 ₹2916.00 Lakhs through its IPO, and the proceeds were fully credited to a designated account with Axis Bank. An auditor's report confirms that the funds were utilized in accordance with the objects stated in the Prospectus. As of March 31, 2026, ₹106.61 lakhs remained unutilized.
Key Highlights
- Gabion Technologies reports no deviation in IPO fund utilization as of March 31, 2026.
- The company raised ₹2916.00 Lakhs through its Initial Public Offer (IPO).
- IPO proceeds were utilized for working capital, general corporate purposes, capital expenditure, and public issue expenses.
- Auditor confirms funds utilized according to prospectus objectives.
- ₹106.61 lakhs of IPO proceeds remained unutilized as of March 31, 2026.
Price Impact
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