Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Marutinandan Tubes has filed its quarterly statement on the use of funds raised through three separate issues. First, the Rs. 14.30 crore IPO proceeds (raised 17 Jan 2024) have been almost fully utilised — Rs. 10.60 crore for working capital, Rs. 2.86 crore for general corporate purposes (out of Rs. 3.00 crore), and Rs. 0.61 crore for issue expenses (out of Rs. 0.70 crore). Second, Rs. 6.58 crore from convertible warrants allotted on 12 Aug 2025 has been fully deployed — Rs. 0.50 crore for capex and Rs. 6.08 crore for working capital. Third, Rs. 5.66 crore from warrants allotted on 14 Aug 2025 has also been fully used — Rs. 5.50 crore for plant & machinery/buildings and Rs. 0.16 crore for administrative expenses. No deviations or variations from the originally disclosed objects have been reported for any of the three issues. The company notes that for the overall warrant issue of Rs. 48.99 crore, only 25% (Rs. 12.24 crore) has been received so far, with the balance 75% due within 18 months.
The filing confirms that the company has stuck to its stated purpose for the funds raised and has no reporting deviations. For retail investors, this is a routine compliance disclosure indicating orderly deployment of capital, though the note about only 25% of the larger warrant issue being received yet means the balance fundraising is still pending.