Certificate from Statutory Auditor for the use of funds raised through IPO for the Quarter ended 31.12.2025
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Awaiting price reaction for this filing.
Bhavik Enterprises has submitted a certificate from its statutory auditor (M Parashar & Co.) confirming how IPO proceeds were used up to December 31, 2025. The company had raised a total of ₹5,460.18 Lakhs through its IPO — ₹4,750 Lakhs earmarked for working capital and ₹710.18 Lakhs for general corporate purposes. As of December 31, 2025, only ₹2,794.57 Lakhs has been utilized, and entirely for the working capital object. No funds have been deployed for general corporate purposes yet. The unutilized amount is parked in fixed deposits with scheduled banks. The filing is made under SEBI Regulation 262(6), which mandates such disclosure when working capital exceeds ₹5 crore in IPO proceeds.
This is a routine regulatory compliance update confirming that IPO funds are being used as disclosed. Shareholders should note that about half the IPO proceeds (around ₹2,665 Lakhs) remain unutilized and are held in bank fixed deposits, which could be deployed in coming quarters. No immediate stock price catalyst, but it reassures investors that funds are not being misused.