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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
INDO SMC Limited has filed its post-IPO utilization statement for the period ending March 31, 2026. The company raised ₹9,194.79 Lakhs through its Initial Public Offer in January 2026 (date of allotment: January 19, 2026). As of March 31, 2026, only ₹4,241.04 Lakhs (approximately 46%) has been utilized, leaving ₹4,953.75 Lakhs unutilized. The unutilized funds are held in fixed deposits (₹5,006 Lakhs) and bank account (₹17.67 Lakhs). The monitoring agency is CRISIL Rating Limited. No deviation or variation in the use of IPO funds has been reported. The auditor (A. N. Ruparel & Co.) has confirmed no deviation after reviewing supporting documents, vendor invoices, and bank statements. The largest unutilized portion is in Fixed Capital Expenditure (₹2,493.17 Lakhs) and Working Capital funding (₹1,771.65 Lakhs), suggesting gradual deployment of proceeds is underway.
No deviation is reported, which is a positive signal for compliance. However, the significant unutilized balance (~54% of IPO proceeds) indicates the company is still in the deployment phase. Shareholders should monitor quarterly updates for progress on plant and machinery purchases and working capital utilization.