Sharvaya Metals Ltd

Sharvaya Metals Ltd's Q3 FY26 Update: IPO Funds Utilization & Expansion Progress 📊

• Total IPO proceeds: ₹58.80 crore, with net proceeds of ₹41.87 crore after issue expenses.

• ₹1.50 crore utilized for working capital.

• ₹0.44 crore utilized for civil construction and electrification.

• ₹3.65 crore utilized for advances on plant and machinery.

• ₹6.09 crore utilized for general corporate purposes.

• Unutilized funds: ₹23.70 crore, with ₹15 crore in fixed deposits (6.90% ROI) and ₹8.7 crore in cash.

• No delays in project implementation reported.

• No deviations from IPO object utilization observed.