BlackBuck Limited has confirmed that there was no deviation or variation in the utilization of proceeds from its IPO for the quarter ended December 31, 2025 (Q3 FY26). The IPO proceeds were utilized as stated in the prospectus dated November 18, 2024. A statement reviewed by the Audit Committee on February 05, 2026, confirms this adherence.
IPO Fund Allocation and Utilization
BlackBuck Limited has released a statement concerning the utilization of funds raised through its Initial Public Offering (IPO). The report pertains to the quarter ended December 31, 2025 (Q3 FY26).
Key Highlights
The company confirms that there has been no deviation or variation in how the IPO funds were used during the reported quarter. The utilization aligns with the objectives outlined in the prospectus dated November 18, 2024.
Details of Fund Utilization
Here’s a breakdown of how the IPO funds were allocated and utilized:
Funding Towards Sales and Marketing Costs
An initial allocation of ₹200.000 crore was designated for sales and marketing activities. As of the end of the quarter, ₹101.729 crore has been utilized for these purposes.
Investment in Blackbuck Finserve Private Limited
₹140.000 crore was allocated for investment in Blackbuck Finserve Private Limited, a Non-Banking Financial Company (NBFC) subsidiary. The purpose of this investment was to augment the subsidiary’s capital base. The full amount of ₹140.000 crore has been utilized.
Funding of Expenditure in Relation to Product Development
An initial amount of ₹75.000 crore was earmarked for expenditure relating to product development. ₹32.284 crore has been utilized for this purpose.
General Corporate Purposes
A total of ₹135.000 crore was set aside for general corporate purposes, of which ₹121.689 crore has been used.
Issue-related expenses of ₹0.501 crore recognized during the quarter, represent a realignment of allocation between the Fresh Issue and the Offer for Sale portions arising from the finalization of total issue expenses at an amount lower than that recognized in earlier periods.
Source: BSE
