Corporate Governance30 Oct 2026, 07:22 pm
LCC Projects submits IPO fund utilization report for Q3 2026
AI Summary
LCC Projects Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, detailing the utilization of funds raised through its Initial Public Offering (IPO). The report, prepared by CARE Ratings Limited, confirms that ₹42.66 crore was utilized for issue expenses, loan prepayment, and GCP purposes, aligning with the disclosures in the Offer Document. The company raised a total of ¥427.14 crore through its public issue, which took place from September 9-11, 2026. The Audit Committee and Board of Directors have reviewed and approved the report.
Key Highlights
- Monitoring Agency Report submitted for Q3 2026 IPO fund utilization.
- ₹42.66 crore utilized for expenses, loan prepayment, and GCP.
- Utilization is in line with the Offer Document disclosures.
- Total IPO size was ¥427.14 crore.
- Report approved by Audit Committee and Board of Directors.
Price Impact
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