Regulatory29 May 2026, 09:02 pm
NIS Management: No Deviation in IPO Funds Utilization
AI Summary
NIS Management Ltd reported no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO) as of March 31, 2026. The IPO raised ₹5,174.82 Lakhs, and the proceeds were utilized as per the objects stated in the prospectus. An auditor's report confirms the utilization is in compliance with regulatory requirements.
Key Highlights
- NIS Management confirms no deviation in IPO fund utilization as of March 31, 2026.
- IPO raised ₹5,174.82 Lakhs, credited to a designated public issue account.
- Funds utilized for working capital (₹788.71 Lakhs), general corporate purposes, and offer-related expenses (₹694.77 Lakhs).
- Auditor's report confirms fund utilization aligns with IPO prospectus objectives.
Price Impact
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