Quarterly Updates27 May 2026, 06:01 pm
Shipwaves Online: No Deviation in IPO Funds Utilization
AI Summary
Shipwaves Online Ltd reported no deviation in the utilization of funds raised through its IPO for the quarter ended March 31, 2026. The company confirms adherence to the objects stated in the Prospectus dated December 04, 2025. The audit committee reviewed the statement of deviation, and the monitoring agency's report is being separately filed with the exchanges. The IPO raised ₹56,35,20,000.
Key Highlights
- Shipwaves Online confirms no deviation in IPO fund utilization for Q4 2026.
- IPO proceeds of ₹56,35,20,000 were raised via public issue.
- Audit Committee reviewed the statement of deviation on May 27, 2026.
- Monitoring agency report being filed separately with exchanges.
Price Impact
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