ImportantUpdates

Macobs Technologies has redirected unutilized IPO funds from loan repayment to enhance working capital, supporting growth initiatives.

Macobs Technologies Limited logo
Macobs Technologies LimitedMACOBSTECH · Filed with the exchange

Of ₹18.07 Cr net IPO proceeds, ₹2 Cr was spent on customer acquisition, ₹1.2 Cr on working capital, and ₹1.5 Cr partially on loan repayment.

The company is evaluating further use of funds for expansion and acquisitions this year.

₹0.31 Cr remains unutilized.

This approach reflects a focus on optimizing resource allocation to drive business growth and shareholder value.

Read the original filing(PDF)

No comments yet. Be the first.

More from Macobs Technologies Limited

All announcements