Business Update30 May 2026, 08:11 pm
Mehul Colours Utilizes ₹1,062.43 Lakhs of IPO Proceeds
AI Summary
Mehul Colours Ltd. reports the utilization of IPO proceeds for the half year ended March 31, 2026. Out of the total funds raised of ₹2,165.76 lakhs, ₹372.11 lakhs were used for capital expenditure, ₹400 lakhs for working capital, ₹9.17 lakhs for general corporate purposes, and ₹281.15 lakhs for issue-related expenses. The unutilized amount is temporarily held in separate bank accounts. The audit committee reviewed the statement on May 30, 2026.
Key Highlights
- Mehul Colours utilized ₹1,062.43 lakhs out of ₹2,165.76 lakhs raised through IPO.
- ₹372.11 lakhs allocated to capital expenditure for a new manufacturing facility.
- ₹400 lakhs utilized for funding working capital requirements.
- ₹9.17 lakhs spent on general corporate purposes.
- ₹281.15 lakhs used for issue-related expenses.
Price Impact
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