The Original allocation of funds as disclosed in the prospectus and the actual utilization of funds towards the objects of the Issue for the year ended March 31, 2025, is detailed in the ....
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NACDAC Infrastructure Ltd has confirmed that there has been no deviation or variation in the use of proceeds from its Initial Public Offering (IPO) that closed in December 2024. The company raised Rs. 1,001.00 Lakhs through the IPO by issuing 28,60,000 equity shares at Rs. 35 each, and the shares listed on the BSE SME platform on December 24, 2024. As of March 31, 2025, the company has utilized Rs. 955.21 Lakhs of the IPO proceeds — Rs. 704.21 Lakhs towards working capital, Rs. 142.10 Lakhs for general corporate purposes, and Rs. 108.90 Lakhs for issue-related expenses. The remaining Rs. 45.79 Lakhs is lying in the company's bank/current accounts, pending utilization. The statement was reviewed and approved by the Audit Committee and Board of Directors at their meeting held on May 30, 2025.
This is a routine compliance filing confirming that IPO funds are being used as originally disclosed to investors, with no misuse or diversion. Shareholders can take comfort that nearly 95% of proceeds have been deployed as planned, though Rs. 45.79 Lakhs remains unutilized and will need to be tracked in future filings. No material price impact is expected from this disclosure.