Regulatory30 May 2026, 04:12 pm
L. T. Elevator IPO Proceeds Utilized as of March 31, 2026
AI Summary
L. T. Elevator 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 ₹3937.44 Lakhs through its IPO, with proceeds allocated to working capital, general corporate purposes, investment in subsidiary Park Smart Solutions, and public issue expenses. As of March 31, 2026, the funds have been utilized in accordance with the objects stated in the Prospectus dated September 17, 2025.
Key Highlights
- No deviations or variations in IPO proceeds utilization as of March 31, 2026.
- ₹3937.44 Lakhs raised through IPO and credited to designated Public Offer Account.
- Funds allocated to working capital, general corporate purposes, subsidiary investment, and public issue expenses.
- Auditors confirm utilization of funds in accordance with stated objects of the issue.
Price Impact
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