Sat Kartar Shopping Limited — Others, 15-05-2025: Monitoring Agency Report

Sat Kartar Shopping Limited has shared a CARE Ratings report on its Rs. 33.80 Cr IPO proceeds, confirming no deviations from planned use. So far, Rs. 8.64 Cr has been spent mainly on marketing (Rs. 3.55 Cr), corporate purposes including overdraft repayment (Rs. 1.20 Cr), and IPO issue expenses (Rs. 3.89 Cr). The company saved costs by choosing efficient advertising vendors. Capital expenditures and technology investments are pending due to ongoing strategic planning. The remaining Rs. 25.16 Cr sits in fixed deposits earning 6.85%-7.25% interest, with no impact on project viability.