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Awaiting price reaction for this filing.
Capitalnumbers Infotech, which listed on the BSE on January 27, 2025 after an IPO that raised around Rs. 55.97 Crores (from 32.21 lakh equity shares issued at a premium of Rs. 253), has filed its half-yearly statement on the use of IPO proceeds. The company confirms there is no deviation or variation from the stated objects. Of the planned allocations, Rs. 12.76 lakhs has been spent on technology advancement, Rs. 106.98 lakhs on business development, nothing yet on subsidiary investment or inorganic acquisitions, and Rs. 2,104.68 lakhs (out of Rs. 2,117.15 lakhs) on issue expenses. The remaining unutilised amount has been parked in fixed deposits. The filing was prompted by BSE emails dated June 3 and June 10, 2025, after the regulator noted that separate PDF submissions of this statement were discontinued from April 1, 2025.
This is a routine compliance disclosure with no negative implications — the company reports no misuse or diversion of IPO funds. However, the very low utilisation in core growth areas like technology, business development and acquisitions within the first two months of listing suggests capital deployment will be gradual, which investors should track in coming quarters.