Wakefit Innovations: No Deviation in IPO Proceeds Utilization for Q1 FY27

Wakefit Innovations Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CARE Ratings Limited, confirms no deviation in the utilization of proceeds from its Pre-Initial Public Offer (Pre-IPO) and Initial Public Offer (IPO). The total issue size was ₹56.00 crore, allocated for general corporate purposes. As of the end of Q1 FY27, no funds have been utilized, and the entire amount remains parked in fixed deposits. The company and the monitoring agency have confirmed no material deviations from the objects disclosed in the offer document.