Regulatory7 Aug 2026, 06:50 pm
Mittal Sections IPO Fund Utilization Report Filed
AI Summary
Mittal Sections Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of funds raised through its SME Initial Public Offer (IPO). The report, issued by CARE Ratings Limited, confirms no deviation from the objects stated in the Offer Document. The company raised Rs. 52.91 crore through the IPO. For the quarter, Rs. 2.18 crore was utilized for capital expenditure, and Rs. 20.30 crore has been utilized towards land acquisition, factory construction, and plant & machinery purchase up to Q1FY27.
Key Highlights
- Monitoring Agency Report for IPO fund utilization filed for Q1FY27.
- No deviation from IPO objects confirmed by CARE Ratings.
- Rs. 52.91 crore raised via SME IPO.
- Rs. 2.18 crore spent on capex in Q1FY27.
- Total Rs. 20.30 crore utilized for land, factory, and machinery.
Price Impact
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