JKB Financial Services Ltd.

As on : 14-Nov-2026

Corporate News
14-Nov-2026 23:42

UHM Vacation Limited's IPO saw Rs 394.79 lakh in expenses, with a deviation noted by auditors

UHM Vacation Limited disclosed a deviation of 3.72%, or Rs 14.16 lakhs, in issue-related expenses compared to the originally allocated Rs 380.63 lakhs, for its initial public offering proceeds, according to a statement filed with the BSE Limited on November 14, 2026. The company, monitored by Sobhagya Capital options Pvt. Ltd., reported that total issue expenses amounted to Rs 394.79 lakhs, and the audit committee confirmed the IPO proceeds were utilized for the stated objects, except for the expense deviation, while the company's auditors noted the proceeds were used for the intended purposes. Additionally, UHM Vacation Limited clarified that an allocation error of Rs 54.13 lakhs was initially transferred to a promoter selling shareholder, which has since been refunded, and that Rs 94.60 lakhs were reimbursed to the company to correct the expenses attributable to the OFS portion.

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