Regulatory12 May 2026, 06:21 pm
Globtier Infotech: No Deviation in IPO Fund Utilization
AI Summary
Globtier Infotech Ltd reported no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the half year ended March 31, 2026. The IPO proceeds of ₹27.44 Crores were fully utilized as per the original objectives, including working capital, loan repayment, general corporate purposes, and IPO expenses. The Audit Committee reviewed and noted the compliance.
Key Highlights
- Globtier Infotech confirms no deviation in IPO fund utilization for H1 FY26.
- IPO raised ₹27.44 Crores (net of Offer for Sale shares) on September 02, 2025.
- Funds utilized for working capital (₹11.50 Cr), loan repayment (₹8.30 Cr), general corporate purposes (₹4.09 Cr), and IPO expenses (₹3.55 Cr).
- Audit Committee review confirms full utilization of IPO proceeds as planned.
Price Impact
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