NIS Management: No IPO Fund Deviation for Q1 FY27

NIS Management Ltd has filed a statement confirming no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended June 30, 2026. The company raised ₹5,174.82 Lakhs through its IPO, which was listed on September 2, 2025. As of June 30, 2026, ₹1,489.32 Lakhs has been utilized towards the stated objects, with the remaining ₹3,685.50 Lakhs temporarily parked in fixed deposits and current accounts. The utilization aligns with the objects disclosed in the prospectus, with a minor variation in 'Offer Related Expenses' resulting in a slight overutilization of ₹75.80 Lakhs in that specific category.