Submission of Certificate Under regulation 262 (5) & (6) of SEBI(ICDR) Regulation, 2018
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Globtier Infotech has submitted a statutory auditor's certificate confirming the utilization of IPO proceeds raised through its Initial Public Offer. The company raised Rs. 2,744.06 Lakhs by issuing 38,11,200 equity shares at Rs. 72 per share. The IPO opened on August 25, 2025, closed on August 28, 2025, and the shares were listed on the BSE SME platform on September 2, 2025. As of September 30, 2025, Rs. 1,943.00 Lakhs has been utilized out of Rs. 2,744.06 Lakhs, leaving Rs. 801.06 Lakhs unutilized. The funds were deployed towards working capital (Rs. 905 Lakhs of Rs. 1,150 Lakhs allocated), full repayment of certain loans (Rs. 830 Lakhs fully utilized), and partial issue expenses (Rs. 208 Lakhs of Rs. 355 Lakhs). The general corporate purpose allocation of Rs. 409.06 Lakhs remains entirely unutilized. The filing was submitted after the prescribed due date due to an unforeseen issue, which the company stated has been resolved.
The company appears on track with its stated use of IPO proceeds, having fully deployed debt repayment funds and partially utilized working capital and issue expenses. The significant unutilized balance may attract regulatory scrutiny. The delayed submission is a procedural lapse but is not indicative of any misuse of funds, as the auditor has certified the correctness of the utilization statement.