Regulatory13 Aug 2026, 12:25 pm
Shipwaves Online IPO Proceeds Monitoring Report Filed
AI Summary
Shipwaves Online Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offering (IPO) proceeds. The report, issued by CARE Ratings Limited, indicates a delay in the utilization of funds compared to the prospectus timeline. As of June 30, 2026, ₹5.00 crore remains unutilized, with the company seeking an extension for the implementation of its objects. The IPO size was Rs. 56.35 crore.
Key Highlights
- Monitoring Agency Report filed for IPO proceeds utilization.
- ₹5.00 crore IPO proceeds unutilized as of June 30, 2026.
- Delay noted in utilization compared to prospectus timeline.
- Company seeks extension for project implementation timeline.
Price Impact
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