Chatterbox Technologies Limited has submitted its statement of deviation/variation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended June 30, 2026. The company reported on the progress of its capital expenditure for existing business, setting up new offices and studios, and brand building. While most objectives are progressing, some delays were noted in utilization timelines due to external factors and onboarding processes.
IPO Fund Utilization for Q1 FY27 Reported
Chatterbox Technologies Limited has officially released its statement detailing the utilization of funds raised during its Initial Public Offer (IPO). This report covers the financial quarter ending June 30, 2026, as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement, reviewed by the Audit Committee on July 30, 2026, outlines the allocation of the Rs. 42.86 Crores raised.
Progress on Key Objectives
The company detailed the progress across several key objectives:
Funding Capital Expenditure for Existing Business
An amount of INR 8.50 crores was proposed for utilization by March 31, 2026. The progress is delayed, with the onboarding of suitable candidates taking longer than anticipated. Consequently, the procurement of hardware & software and proposed co-working space arrangements in Bengaluru and Delhi have been deferred. The unutilized amount is proposed to be transferred to General Corporate Purposes.
Capital Expenditure for Office and Studio Setup
For setting up an additional office and a new studio, INR 7.09 crores were proposed for utilization by March 31, 2026. Progress is delayed, but the company has taken the proposed office premises on lease, and payments are being made as per the lease agreement. The setup is substantially complete, with major payments made, and a small amount retained for pending work. The studio setup is also complete with full payment made. A discount was received against the estimated amount.
Additionally, for Brand Building, INR 4.18 crores were proposed for utilization by March 31, 2026. Utilization towards this object has been delayed compared to the prospectus timeline, as the underlying contract is for 12 months commencing December 2025. The utilization is planned to take place progressively over the contract tenure.
Incremental Working Capital
To meet incremental working capital requirements, INR 6.33 crores were allocated. The company has utilized INR 6.31 crores out of the proposed utilization of INR 6.33 crores towards meeting the incremental working capital requirements. A balance of INR 0.02 crores remains unutilized as on date due to phased deployment of funds.
General Corporate Purposes
No funds were utilized towards General Corporate Purposes during the reporting period. The utilization remains incomplete beyond the proposed implementation timeline of March 31, 2026, resulting in a delay of three months as of June 30, 2026. The balance amount remains pending for utilization as on date and shall be deployed progressively towards eligible general corporate purposes.
Issue Related Expenses
The company has utilized INR 7.64 crores for issue-related expenses, with no deviation or variation reported.
Source: BSE
