Naman In-Store (India) Limited — Results, 30-06-2025: Reply to Clarification- Financial results

Naman In-Store India Limited has announced a board meeting to consider the financial results for the quarter and half-year.

The company raised ₹25.35 Cr through an IPO by issuing 28.48 lakh equity shares at a premium of ₹79 per share, listed on the SME platform of BSE. As per the latest certificate from the statutory auditors, the utilization of IPO proceeds is detailed below:

- Funding capital expenditure for purchase of leasehold land at Butibori, MIDC, Maharashtra, amounting to ₹5.49 Cr (fully utilized).

- Construction of factory building incurred ₹11.14 Cr out of the allocated ₹12.18 Cr.

- Stamp duty and registration expenses of ₹0.37 Cr utilized.

- General corporate expenses exceeded allocation at ₹5.85 Cr against ₹5.00 Cr.

- Public issue expenses utilized as allocated at ₹2.50 Cr.

Total utilization stands at ₹14.21 Cr with ₹11.14 Cr unutilized from the total IPO proceeds. The unutilized portion has been parked in fixed deposits.

This reflects prudent fund deployment focusing on expansion via land acquisition and factory setup, with slight overspend on corporate expenses. The company remains on track to strengthen its manufacturing base while maintaining adequate liquidity.