STATEMENT OF DEVIATION & VARIATION- SEPT QTR, 25
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Awaiting price reaction for this filing.
Abram Food Ltd has filed a quarterly statement confirming that IPO proceeds have been used in line with the objects stated in its prospectus, with no deviation or variation. The company raised Rs. 1,399.44 lakhs through its IPO in June 2025 and has utilized Rs. 1,321.83 lakhs as of September 30, 2025, leaving Rs. 77.61 lakhs unutilized (including Rs. 50.28 lakhs still parked in an ICICI Bank escrow account). For the capital expenditure object (purchase of machinery), Rs. 308.83 lakhs of the planned Rs. 385 lakhs has been used, of which Rs. 240 lakhs is currently shown as an advance to vendors under Short-Term Loans and Advances rather than as a direct machinery purchase. Working capital (Rs. 670 lakhs) has been fully deployed, issue expenses (Rs. 139.94 lakhs) have been fully utilized, and general corporate purposes show a small unspent balance of Rs. 1.44 lakhs.
This is a routine regulatory filing and signals good governance — the company is using IPO money as promised to investors. Shareholders should note that nearly 95% of IPO funds are already deployed, with machinery purchase still partially pending. No negative stock impact expected, though the advance to vendors (Rs. 240 lakhs) is worth tracking to ensure actual machinery delivery.