Regulatory30 May 2026, 08:21 pm
Shining Tools IPO Proceeds Utilized ₹1692.17 Lakhs
AI Summary
Shining Tools Ltd reports on the utilization of funds raised through its IPO, as per Regulation 32 of SEBI guidelines, for the financial year ended March 31, 2026. The company raised ₹17.10 Crores (₹1710 Lakhs) through the IPO. As of March 31, 2026, ₹1692.17 Lakhs has been utilized, with the remaining ₹17.83 Lakhs invested in short-term fixed deposits. The utilization is in accordance with the objects stated in the offer documents and has been reviewed by the Audit Committee.
Key Highlights
- Shining Tools utilized ₹1692.17 Lakhs out of ₹1710 Lakhs raised via IPO.
- Funds were allocated to plant and machinery, working capital, and general corporate purposes.
- ₹17.83 Lakhs remains unutilized and is invested in short-term fixed deposits.
- Utilization is in accordance with the objects stated in the offer documents.
- Audit Committee has reviewed the utilization of IPO proceeds.
Price Impact
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