Regulatory15 May 2026, 07:01 pm
Karbonsteel Eng: No Deviation in IPO Proceeds Utilization
AI Summary
Karbonsteel Engineering Ltd's monitoring agency report by CARE Ratings Limited for the half year ended March 31, 2026, indicates no deviation from the objects stated in the IPO offer document. The IPO size was ₹48.33 crore. There was a delay in the utilization of funds, which was approved by the board on November 13, 2025. All issue proceeds utilized in H2FY26 are towards the objects specified in the offer document.
Key Highlights
- CARE Ratings reports no deviation in utilization of IPO proceeds for Karbonsteel Engineering.
- IPO size was ₹48.33 crore.
- Board approved extension for delayed fund utilization on November 13, 2025.
- All issue proceeds utilized in H2FY26 are towards specified objects.
Price Impact
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