Quarterly Updates12 Nov 2026, 09:42 pm
Maharaja & Speedex: No IPO Fund Deviation as of Sep 2026
AI Summary
Maharaja & Speedex India Ltd has reported that there were no deviations or variations in the utilization of funds raised from its Initial Public Offer (IPO) for the half-year ended September 30, 2026. The total IPO amount raised was ₹6,410.30 Lacs (₹64.10 Crore). Funds were allocated to repayment of borrowings, capital expenditure for plant and machinery, general corporate purposes, and issue expenses. As of September 30, 2026, the utilized amount was ₹3,984.99 Lacs (₹39.85 Crore), with ₹2,425.31 Lacs (₹24.25 Crore) remaining unutilized, primarily held in the company's current accounts.
Key Highlights
- No deviation in IPO fund utilization for the half-year ended Sep 30, 2026.
- Total IPO proceeds amounted to ₹6,410.30 Lacs (₹64.10 Crore).
- ₹3,984.99 Lacs (₹39.85 Crore) of IPO funds have been utilized.
- ₹2,425.31 Lacs (₹24.25 Crore) of IPO funds remain unutilized.
- Funds were used for debt repayment, capex, and general corporate purposes.
Price Impact
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