Corporate Governance29 Oct 2026, 05:50 pm
Steamhouse India: No IPO Fund Use Deviation in Q2 FY27
AI Summary
Steamhouse India Limited has filed its quarterly statement on the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended September 30, 2026. The company confirms that there has been no deviation or variation in the utilization of IPO proceeds from the objects stated in its prospectus. A minor adjustment was made to the disclosed issue expenses, which led to a corresponding increase in funds allocated for general corporate purposes. The total funds utilized as of September 30, 2026, were ₹1,694.70 million against the original allocation.
Key Highlights
- No deviation reported in IPO fund utilization for Q2 FY27.
- IPO proceeds were used for debt repayment and infrastructure development.
- Minor rectification in issue expenses led to a slight increase in general corporate funds.
- Total utilization of funds stands at ₹1,694.70 million as of September 30, 2026.
Price Impact
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