Sodhani Capital Limited has submitted a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The report covers the half-year period ending September 30, 2026, as required by SEBI regulations. The company has detailed the allocation of the ₹10.71 crore raised, with most funds utilized for specified objects, and any surplus or deficit managed according to defined procedures.
Sodhani Capital Reports on IPO Fund Utilization
Sodhani Capital Limited has officially submitted its statement detailing the utilization of funds raised from its Initial Public Offer (IPO). The filing, made on November 3, 2026, covers the financial half-year ending September 30, 2026. This report is in compliance with Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Financial Highlights of Fund Utilization
The company has confirmed that there has been no deviation or variation in how the proceeds from the public issue have been utilized. The total amount raised through the IPO was ₹10.71 crore. The statement breaks down the allocation across seven primary objects, including Offer Related Issue Expenses, Acquisition of Office Premises, Interior Work, Funding Expenditure Towards Enhancement of Brand Visibility, Development of Mutual Fund Investment Application, IT Infrastructure, and General Corporate Purpose (GCP).
Specifically:
- Offer Related Issue Expenses: Raised ₹80,00,000 and utilized ₹59,68,380, resulting in a surplus of (₹20,31,620) which has been transferred to General Corporate Purpose (GCP).
- Acquisition of Office Premises at Mumbai: Raised ₹5,01,17,000 and fully utilized ₹5,01,17,000.
- Interior Work for the Proposed Office Premises: Raised ₹57,94,000 but utilized ₹58,32,191, showing a deficit of ₹38,191, which was transferred from General Corporate Purpose (GCP).
- Funding Expenditure Towards Enhancement of Our Brand Visibility: Raised ₹92,64,000 and utilized ₹14,66,504, leaving a surplus of ₹77,97,496.
- Development of Mutual Fund Investment Application: Raised ₹15,00,000 and utilized ₹14,33,724, resulting in a surplus of ₹66,276.
- IT Infrastructure for New and Existing Office Premises: Raised ₹9,15,000 and utilized ₹2,42,868, leaving a surplus of ₹6,72,132.
- General Corporate Purpose (GCP): Raised ₹1,06,00,000 and utilized ₹1,00,10,668, with a surplus of ₹25,82,761.
The total utilized funds amounted to ₹7,50,71,335 out of the total proceeds. The unutilized IPO proceeds of ₹1,11,18,665 have been kept in Fixed Deposits with Kotak Mahindra Bank.
The company has confirmed that the utilisation aligns with the objects for which the funds were raised, and any variations are duly explained and managed within the regulatory framework.
Source: BSE
