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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Naturewings Holidays Limited filed its quarterly statement confirming no deviation in the utilization of IPO funds raised on 10th September 2024. The company raised Rs. 7.03 crore through a public issue. As of 31st March 2025, the company has utilized Rs. 6.93 crore (98.65% of proceeds). Funds were deployed across Working Capital (Rs. 3.95 crore), Marketing and Business Promotion (Rs. 1.02 crore), General Corporate Purposes (Rs. 76.84 lakh), and Issue Related Expenses (Rs. 1.20 crore). The remaining unutilized amount of Rs. 9.46 lakh is held in an escrow account with ICICI Bank. Neither the Audit Committee nor the auditors raised any comments.
Positive signal for shareholders as the company has deployed nearly all IPO proceeds as intended with zero deviations reported. The small unutilized balance in escrow is normal and expected.