This is to inform you that the Company had raised an amount of ? 29,20,00,000 (Indian Rupees Twenty-Nine Crores Twenty Lakhs) through an Initial Public Offering ('IPO') of 40,00,000 Equity ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanishk Aluminium India Limited, which listed on BSE in February 2026 via an IPO of 40,00,000 equity shares raising ₹29.20 crore (₹2,920 Lakhs), has filed its first post-IPO utilization report for Q4 FY26 (quarter ended March 31, 2026). The company confirms there is no deviation or variation in the use of IPO proceeds from the objects stated in the Prospectus dated January 20, 2026. Of the total ₹2,920 Lakhs raised, ₹2,840.25 Lakhs has been utilized. The entire amount allocated for repayment of borrowings (₹1,950 Lakhs), general corporate purposes (₹431.80 Lakhs), and issue-related expenses (₹458.45 Lakhs) has been deployed as planned. The branding budget of ₹79.75 Lakhs remains unutilized due to unforeseen circumstances, with the company stating it will be deployed in forthcoming quarters.
No negative signals for shareholders. The company has confirmed full and proper utilization of IPO funds with no deviations, and the only minor delay is in the branding budget which management attributes to temporary circumstances.