Announced Tue, 27 Oct, 2026 · 20:55 IST
No deviation in IPO fund use as of September 2026
SHREEDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Shreedhar Spinners said initial public offering proceeds were used according to the prospectus for the half-year ended September 30, 2026, with no deviation or change in planned costs. Of Rs 3,067.64 lakh raised, Rs 2,570.41 lakh was used and Rs 497.23 lakh remained unused, mainly Rs 494.77 lakh for machinery held in fixed deposits. Auditors confirmed the figures match company records.
Likely market impact
Shareholders receive assurance that IPO funds followed the stated plan, though Rs 497.23 lakh remains pending, mainly for machinery and held in fixed deposits.