StockWatch
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Computers - Software & Consulting
Corporate Governance13 Nov 2026, 06:10 pm

Methodhub Software: IPO Fund Utilization Aligns with Prospectus

AI Summary

Methodhub Software Ltd has confirmed no deviation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended September 30, 2026. The company stated that funds raised were used in line with the objects outlined in its prospectus dated December 10, 2025. A detailed statement, reviewed and approved by the Audit Committee, confirms adherence to the planned allocation for loan repayment, working capital, subsidiary investment, acquisitions, and issue expenses. The total utilized amount was ₹66.21 Crores against net proceeds of ₹87.49 Crores available for utilization.

Key Highlights

  • No deviation in IPO fund utilization for Q2 FY27.
  • Funds used as per prospectus objectives.
  • Audit Committee approved the utilization statement.
  • ₹66.21 Crores utilized out of ₹87.49 Crores net proceeds.