Billionbrains Garage Ventures Ltd

📊 Billionbrains Garage Ventures Reports Q1 2026 IPO Fund Utilization

• Gross IPO proceeds: ₹10,600M; Net proceeds after issue expenses: ₹10,159.84M

• Key fund allocations: Cloud infrastructure (₹1,525M), Brand building & marketing (₹2,250M), Investment in subsidiary GCS for capital base (₹2,050M), Investment in subsidiary GIT for margin trading (₹1,675M), General corporate purposes/inorganic growth (₹2,659.84M)

• Total utilized amount as of March 31, 2026: ₹4,016.26M; Total unutilized amount: ₹6,583.73M

• Unutilized funds invested in fixed deposits with banks (AU Small Finance Bank, SBI, IndusInd Bank) earning returns between 6.25%-6.75%

• Delay in utilization for general corporate purposes: ₹670.31M used against ₹691.56M estimated for Fiscal 2026, due to changes in business plans

• No major deviations from objects stated in Offer Document; All utilizations align with disclosed purposes