Quarterly Updates13 Nov 2026, 09:12 pm
Millworks Technologies: No IPO Fund Use Deviation for H1 FY27
AI Summary
Millworks Technologies Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the half-year ended September 30, 2026. The total IPO proceeds amounted to ₹16,034.64 Lakhs. Funds were allocated to capital expenditure for plant and machinery (₹6,103.25 Lakhs), working capital requirements (₹8,150.00 Lakhs), general corporate purposes (₹970.59 Lakhs), and issue-related expenses (₹809.79 Lakhs). As of September 30, 2026, ₹10,130.57 Lakhs have been utilized, with ₹5,904.06 Lakhs remaining unutilized. The company's auditors, Vishnu Daya & Co LLP, have certified the fund utilization as per the prospectus.
Key Highlights
- No deviation in IPO fund utilization for H1 FY27 reported.
- Total IPO proceeds were ₹16,034.64 Lakhs.
- ₹10,130.57 Lakhs utilized, ₹5,904.06 Lakhs unutilized.
- Funds allocated to capex, working capital, general corporate purposes, and issue expenses.
- Auditor's certificate confirms compliance with prospectus.
Price Impact
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