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Adon Agro Commodities confirms no deviation in IPO proceeds utilization through September
03-Nov-2026, 08:28
Adon Agro Commodities Limited informed the BSE Limited that there was no deviation or variation in the utilization of proceeds raised through its initial public offering (IPO) for the half year ended September 30, 2026. The company had raised Rs 4403.00 lakh through the IPO on July 2, 2026, with Rs 3200.00 lakh allocated to funding incremental working capital requirements, Rs 644.27 lakh to general corporate purposes, and Rs 558.73 lakh for issue-related expenses, all of which were utilized as per the offer document.