Sunsky Logistics: IPO Fund Utilization Deviation Report for FY26
Sunsky Logistics Ltd filed a statement regarding the deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the half-year and year ended March 31, 2026. The company raised ₹1683.60 Lakhs through the IPO on October 6, 2025. According to the filing, there was no deviation or variation in the use of funds. The funds were allocated and utilized for the purchase of flatbed trailers (₹642.31 Lakhs), prepayment/repayment of borrowings (₹350.00 Lakhs), working capital requirements (₹275.00 Lakhs), general corporate purposes (₹251.86 Lakhs), and public issue-related expenses (₹164.10 Lakhs). Ankit M. Shah & Co., Chartered Accountants, certified the object-wise utilization of the issue proceeds.
Key Highlights
- Sunsky Logistics reports no deviation in IPO fund utilization for the period ending March 31, 2026.
- ₹1683.60 Lakhs was raised through IPO on October 6, 2025, and utilized as planned.
- Funds were allocated to flatbed trailers, debt repayment, working capital, and corporate expenses.
- Auditors certified the utilization of IPO proceeds as per the offer document.
Price Impact
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