BlackBuck Ltd: IPO Proceeds Utilization Report Filed

BlackBuck Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by ICRA Limited. The report confirms no deviation in the utilization of Initial Public Offer (IPO) proceeds from the objects stated in the offer document. The company's IPO, which opened on November 13, 2024, and closed on November 18, 2024, raised gross proceeds of INR 550 Crore. Issue-related expenses were finalized at INR 26.672 Crore, utilized under General Corporate Purposes. The monitoring agency, ICRA, has reviewed the utilization based on the prospectus, a peer-reviewed CA certificate, and bank statements, finding it to be in line with the IPO's objectives.