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As on : 05-Nov-2026
Corporate News
05-Nov-2026      12:30

Advance Technoforge used Rs 7.43 crore of its Rs 20.43 crore IPO proceeds

Advance Technoforge Limited informed the Bombay Stock Exchange that it has utilized Rs 7.43 crore of the Rs 20.43 crore raised through its initial public offering on the BSE SME platform in July 2026, leaving Rs 13.00 crore unutilized, of which Rs 12.74 crore is held in fixed deposits and Rs 0.26 crore in a current account. The company’s statutory auditors, R V D & Co., certified that there was no deviation in the utilization of the proceeds from the objects stated in the prospectus dated July 20, 2026.

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