Quarterly Result28 Feb 2026, 12:01 pm
Oval Projects Engineering Ltd: No Deviations from Objects in IPO Proceeds Utilization as of December 2025
AI Summary
Infomerics Valuation and Rating Limited, the Monitoring Agency for Oval Projects Engineering Ltd's Initial Public Offering (IPO), has submitted a report highlighting the utilization of the issue proceeds for the quarter ended December 31, 2025. The report indicates no deviations from the objects for which the funds were raised, and the range of deviation is nil.
Key Highlights
- Oval Projects Engineering Ltd's IPO proceeds utilized in accordance with the objects, as of December 31, 2025
- No deviations from the intended objects found in the monitoring agency report
- Infomerics Valuation and Rating Limited, a SEBI registered and RBI accredited credit rating agency, is the monitoring agency for the IPO
- The IPO, which raised Rs. 46.74 crores, was fully subscribed, and the company has allotted 54,99,200 Equity Shares to the applicants
- Infomerics Ratings does not have any direct/indirect interest in or relationship with the issuer, promoters, directors, or management
Price Impact
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