This is to inform you that the Company had raised an amount of INR 30,60,00,000 (Indian Rupees Thirty Crores Sixty Lakhs) through an Initial Public Offering (IPO) of 30,00,000 Equity Shares ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Safecure Services Ltd confirms no deviation in the utilization of IPO proceeds raised in November 2025. The company raised INR 30.60 crores through an IPO of 30 lakh equity shares. As of March 31, 2026, INR 27.60 crores (90%) has been utilized, with INR 3 crores remaining pending deployment. The unutilized funds are allocated towards repayment of company borrowings (INR 1.35 crores pending) and working capital requirements (INR 1.65 crores pending). The Audit Committee has reviewed and confirmed no deviation from the disclosed objects in the Prospectus.
Positive signal for shareholders — the company has deployed 90% of IPO funds as intended with no deviations reported. The pending INR 3 crores is expected to be utilized shortly in the ordinary course of business.