RSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajputana Stainless Ltd has filed a nil deviation statement for its IPO proceeds. The company raised Rs 178.73 crores through its IPO (allotted on March 17, 2026) and as of March 31, 2026, has utilized Rs 50.09 crores (28% of total). The funds were allocated across four objects: capital expenditure for manufacturing expansion (Rs 18.57 cr), repayment of borrowings (Rs 98 cr), general corporate purpose (Rs 44.64 cr), and issue expenses (Rs 17.52 cr). CARE Ratings Limited acted as the monitoring agency. The Audit Committee and Board reviewed and noted the statement on May 25, 2026. Both auditors and the Audit Committee have provided nil comments, indicating no concerns.
Positive signal for shareholders - the company has deployed only 28% of IPO funds within the first half month since allotment with no deviations reported. This suggests orderly fund utilization aligned with stated expansion plans.