Submission of Certificate on utilization of fund raised through Initial Public Offer (IPO) issued by the statutory auditor of the Company under regulation 262 (5) & (6) of SEBI (ICDR) ....
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Globtier Infotech Ltd has submitted an auditor's certificate confirming full utilization of Rs. 2744.06 Lakhs raised through its IPO. The company issued 38,11,200 equity shares at Rs. 72 per share (face value Rs. 10) in August 2025, listing on BSE's SME platform on September 2, 2025. All four use-of-funds categories have been completely deployed: Rs. 1150 Lakhs for working capital, Rs. 830 Lakhs for loan repayment, Rs. 409.06 Lakhs for general corporate purposes, and Rs. 355 Lakhs for IPO expenses. Sri Prakash & Co., Chartered Accountants, certified the utilization as true and correct as of March 31, 2026, with zero unutilized amount remaining.
This filing confirms the company deployed all IPO proceeds exactly as committed in the offer document, with no deviation. This is a positive compliance signal indicating proper governance and adherence to regulatory promises, which builds confidence among shareholders and potential investors.