Business Update7 May 2026, 04:23 pm
Pajson Agro IPO Proceeds: ₹1.96 Cr Shifted to General Purposes
AI Summary
Pajson Agro India Ltd reported a deviation in the use of IPO proceeds. While the initial prospectus outlined ₹8.98 crore for issue expenses, the actual expense was ₹7.02 crore. The remaining ₹1.96 crore was reallocated to General Corporate Purposes (GCP) with board approval on December 26, 2025. The Audit Committee reviewed and approved this reallocation. The company raised ₹74.45 crore through its SME IPO on December 16, 2025.
Key Highlights
- Pajson Agro reallocated ₹1.96 Cr from issue expenses to General Corporate Purposes.
- The reallocation was approved by the board on December 26, 2025.
- IPO raised ₹74.45 crore via fresh issue on December 16, 2025.
- CARE Ratings Limited is the monitoring agency.
- Audit Committee reviewed the deviation in fund utilization.
Price Impact
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