Diksha Polymers Ltd (544798)

Diksha Polymers has utilized ₹1,160 lakhs out of its ₹1,600.21 lakhs net IPO proceeds as of June 30, 2026. The funds were entirely directed toward the repayment or prepayment of outstanding borrowings, fulfilling a primary object of the issue. Currently, ₹440.21 lakhs remains unutilized and is held in an escrow account with Axis Bank. The statutory auditor has certified that there are no deviations from the objects stated in the prospectus.

• Raised ₹1,790.21 lakhs through a fresh issue of 15,98,400 equity shares at ₹112 per share.
• Utilized ₹1,160.00 lakhs for debt repayment/prepayment out of a proposed ₹1,375.00 lakhs.
• Unutilized balance of ₹440.21 lakhs remains as of June 30, 2026, held in an escrow account.
• Issue expenses attributable to the fresh issue amounted to ₹190.00 lakhs.
• Zero funds have been utilized so far from the ₹225.21 lakhs allocated for General Corporate Purposes.

Diksha Polymers has released its first statement of fund utilization following its June 2026 IPO. Out of the ₹1,600.21 Lakhs net proceeds, the company has utilized ₹1,160.00 Lakhs (approximately 72.5%) specifically for the repayment or prepayment of borrowings. As of June 30, 2026, a balance of ₹440.21 Lakhs remains unutilized and is held in an escrow account with Axis Bank. The statutory auditor, Agarwal R C & CO, has certified that there are no deviations from the objects stated in the prospectus.

• Net IPO proceeds of ₹1,600.21 Lakhs were raised between June 17 and June 19, 2026.
• ₹1,160.00 Lakhs has been utilized for debt repayment against an original allocation of ₹1,375.00 Lakhs.
• ₹440.21 Lakhs remains unutilized as of June 30, 2026, including the entire ₹225.21 Lakhs allocated for general corporate purposes.
• Statutory auditor confirmed zero deviation or variation in the use of funds compared to the prospectus dated June 11, 2026.