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Awaiting price reaction for this filing.
Koura Fine Diamond Jewelry Limited has confirmed that there is no deviation or variation in the use of funds raised through its Initial Public Offer (IPO). The company raised ₹550 Lakhs through the public issue, with shares allotted on March 12, 2024. The full amount has been utilized as per the original objects: ₹450 Lakhs for working capital, ₹49.60 Lakhs for general corporate purposes, and ₹50.40 Lakhs for issue-related expenses. The statement was reviewed by the Audit Committee and taken on record by the Board at their meeting held on May 24, 2025. This is a routine SEBI compliance filing under Regulation 32 of the Listing Regulations.
For retail investors, this is a neutral, routine compliance update — it confirms that the company used its IPO money exactly as promised in the prospectus, with no misuse or diversion. No immediate stock price impact is expected from this disclosure.