Ideal Technoplast Industries Limited — Others, 14-12-2024: Statement of deviation(s) or variation(s) under Reg. 32

Ideal Technoplast Industries Limited has disclosed the utilization of funds from its Initial Public Offering (IPO), having raised INR 1,603.25 crores. Notably, Rs. 371.91 crores was allocated for capital expenditure while Rs. 73.5 crores covered public issue expenses. The company reports no deviations from the planned utilization directions. Currently, Rs. 500 lakhs are held in fixed deposits, with the remaining balance in the company's bank account. This transparent reporting may bolster investor confidence and support a positive outlook as the company adheres to its financial commitments.