NewsIPOSampat Aluminium Reports Partial Utilization of IPO Funds, Rs 2,633.14 Crore Remains UnusedSampat Aluminium Reports Partial Utilization of IPO Funds, Rs 2,633.14 Crore Remains Unused
Sampat Aluminium Limited, listed on BSE EMERGE, has utilized Rs 419.66 lakhs out of Rs 3,052.80 lakhs raised through its IPO as of September 30, 2025. The company allocated funds for manufacturing facility expansion (Rs 2,332.05 lakhs), general corporate purposes (Rs 450 lakhs), and issue expenses (Rs 270.75 lakhs). Only Rs 100 lakhs have been used for facility expansion so far. The utilization statement was approved by the company's Audit Committee and Board of Directors on November 14, 2025.
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Sampat Aluminium Limited, a recently listed company on the BSE EMERGE platform, has disclosed its Initial Public Offering (IPO) fund utilization statement as of September 30, 2025. The company, which completed its IPO listing procedure on September 24, 2025, has reported a partial utilization of the funds raised.
Fund Utilization Breakdown
According to the statement submitted to the BSE, Sampat Aluminium has utilized Rs 419.66 lakhs out of the total Rs 3,052.80 lakhs raised through the IPO. This leaves Rs 2,633.14 lakhs remaining unutilized as of the reporting date.
The company has allocated the IPO funds for three primary purposes:
| Purpose | Original Allocation (Rs in Lakhs) | Amount Utilized (Rs in Lakhs) | Unutilized Amount (Rs in Lakhs) |
|---|---|---|---|
| Expansion of manufacturing facility | 2,332.05 | 100.00 | 2,232.05 |
| General corporate purposes | 450.00 | 260.00 | 190.00 |
| Issue expenses | 270.75 | 59.66 | 211.09 |
| Total | 3,052.80 | 419.66 | 2,633.14 |
Expansion Plans and Fund Allocation
The largest portion of the IPO proceeds, Rs 2,332.05 lakhs, has been earmarked for funding capital expenditure towards the expansion of a new manufacturing facility. This facility is located at New Survey No. 619 (Old Survey No. 792), Borisana, Kadi, Mehsana, Gujarat. As of September 30, 2025, Rs 100.00 lakhs have been utilized for this purpose.
General Corporate Purposes and Issue Expenses
The company has allocated Rs 450.00 lakhs for general corporate purposes, of which Rs 260.00 lakhs have been utilized. For issue expenses, out of the allocated Rs 270.75 lakhs, Rs 59.66 lakhs have been used.
Management Statement and Audit Review
Sanket Sanjay Deora, the Managing Director of Sampat Aluminium Limited, has signed off on this utilization statement. The company's Audit Committee and Board of Directors have reviewed and approved this statement in their meeting held on November 14, 2025, as required under Regulation 32(3) of SEBI (LODR) Regulations, 2015.
S. N. Shah & Associates, the statutory auditors of the company, have provided a Limited Review Report on the financial results, stating that nothing has come to their attention that causes them to believe that the financial results have not been prepared in accordance with applicable accounting standards and regulations.
Fund Utilization Status
The partial utilization of IPO funds, particularly the minimal usage for manufacturing facility expansion, indicates that Sampat Aluminium is in the early stages of implementing its stated plans. The company's future announcements may provide updates on the progress of its expansion projects and the deployment of the remaining Rs 2,633.14 lakhs.
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