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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shlokka Dyes Limited raised Rs. 57.79 crores through an IPO on October 15, 2025, and has filed a statement of fund utilization deviations for the half year ended March 31, 2026. The company has deployed Rs. 53.89 crores out of Rs. 57.79 crores raised. Significant deviations include: (1) Capital expenditure for plant and machinery underspent by Rs. 4.22 crores (Rs. 1.90 crores used vs Rs. 6.13 crores allocated) due to extended procurement timelines as machinery quotation validity expired; (2) Working capital excess utilization of Rs. 12.57 crores (Rs. 40.57 crores used vs Rs. 28 crores allocated) as actual operational scale-up post-listing required higher working capital for trade receivables and raw material procurement; (3) Debt repayment underutilized at Rs. 0.75 crores vs Rs. 11.50 crores allocated. The audit committee and statutory auditors (Patel & Panchal) have confirmed these are inter-se shifts within the IPO proceeds pool and not a change in objects of the issue. CRISIL is the monitoring agency.
The material reallocation of Rs. 12.57 crore excess working capital usage, while within total IPO proceeds, signals higher-than-expected operational funding needs post-listing. Shareholders should monitor whether the company regularizes this allocation and completes the deferred capital expenditure in FY 2026-27 as promised.