IBL Finance Limited — Results, 14-08-2025: Reply to Clarification- Financial results

IBL Finance Limited has confirmed the full utilization of funds raised through its Initial Public Offer (IPO) as of March 31, 2024. The company submitted an auditor's certificate to the National Stock Exchange, ensuring compliance regarding the deployment of these funds.

According to the details, the total IPO proceeds amounted to ₹33.41 Cr. These funds were fully utilized for their stated objectives:

* **₹23.97 Cr** was allocated to augment the company's Tier-I capital base, supporting future growth and asset requirements.

* **₹7.68 Cr** was utilized for general corporate purposes.

* **₹1.75 Cr** covered issue-related expenses.

All IPO funds have been fully deployed, with no unutilized amount remaining, demonstrating adherence to the planned capital allocation.