- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Rite Zone Chemcon India Limited has provided an update on the utilization of funds from its Initial Public Offering, through which it raised Rs. 8.96 Cr. The company has confirmed that there are no deviations or variations in how these funds have been used, asserting that they are applied for the specific purposes stated in the original offer document. Of the total amount, Rs. 6.60 Cr has been utilized. This includes Rs. 4.39 Cr for working capital requirements, Rs. 0.50 Cr for general corporate purposes, and Rs. 1.71 Cr for issue expenses. A balance of Rs. 2.36 Cr is pending for working capital.