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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Mehul Colours Ltd

Mehul Colours: IPO Proceeds Utilization Report Q2 FY27 - INR 794.71 Lakhs Unutilized

RESULTS ● No Immediate Change LOW RISK
📅 Filed on BSE: 07 Nov 2026, 06:44 PM IST  ·  BSE ID: 4abac68f-cc79-459f-a055-2edf3c7d23dc
View Original BSE Filing (PDF)
💡
In Simple Terms
Mehul Colours used INR 1,371.05 Lakhs from its IPO for projects, with INR 794.71 Lakhs still left.
🤖 AI Summary
  • Mehul Colours Ltd. utilized INR 1,371.05 Lakhs of IPO proceeds by September 30, 2026.
  • A total of INR 2,165.76 Lakhs was raised through the Initial Public Offer (IPO).
  • INR 794.71 Lakhs of IPO proceeds remain unutilized, held in a separate bank account.
  • Unutilized amounts include INR 782.75 Lakhs for capital expenditure and INR 11.96 Lakhs for general corporate purposes.
  • The company reported no deviation or variation in the utilization of its IPO funds.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total IPO Amount Raised
2,165.76 Lakhs
Amount Utilized (Q2 FY27)
1,371.05 Lakhs
Amount Unutilized (Q2 FY27)
794.71 Lakhs
Unutilized for Capital Expenditure
782.75 Lakhs
Unutilized for General Corporate Purpose
11.96 Lakhs
🏢 How This Affects the Company
💰
Financial Impact
The company maintains INR 794.71 Lakhs from IPO proceeds in a separate bank account, indicating funds available for planned expenditures. This affects the cash and bank balances on the balance sheet.
⚙️
Operational Impact
The unutilized INR 782.75 Lakhs for capital expenditure indicates that the new manufacturing facility setup is not yet fully funded or expenditures are ongoing. This suggests the facility's operationalization is in progress.
⚠️
Risk Impact
The report of no deviation or variation in fund utilization aligns with regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 32.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this compliance filing.
👤
Who Is Affected
All existing shareholders are indirectly affected as the company's financial transparency and progress on capital projects are confirmed. The IPO was dated August 6, 2025, affecting shareholders from that period.
🔍
Management Signal
Management is adhering to regulatory requirements by periodically reporting on IPO fund utilization, indicating a commitment to transparency regarding capital deployment.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Next half-yearly IPO proceeds utilization report – check progress on facility funding.
Q3 FY27 financial results — review capital expenditure updates.
Any announcement regarding the new manufacturing facility's commissioning.
LOW RISK The filing indicates compliance with regulations and no reported deviations in fund utilization.
💡 Investor Takeaway
Mehul Colours Ltd. confirmed utilization of INR 1,371.05 Lakhs out of INR 2,165.76 Lakhs IPO proceeds by September 30, 2026. INR 794.71 Lakhs remain unutilized, primarily for capital expenditure (INR 782.75 Lakhs) and general corporate purposes (INR 11.96 Lakhs), temporarily held in a separate bank account. No deviations were reported.
⚖️ Strengths & Concerns

✅ Positives

  • The company has utilized INR 400.00 Lakhs fully for working capital requirements as per disclosed objectives.
  • Mehul Colours Ltd. reported no deviation or variation in the utilization of the IPO proceeds, confirming compliance.

⚠️ Concerns

  • INR 782.75 Lakhs for funding capital expenditure towards a new manufacturing facility remains unutilized, indicating a delay in full deployment.
  • INR 11.96 Lakhs allocated for general corporate purposes is unutilized, temporarily held in a separate bank account.
📅 Company Track Record
Mehul Colours Ltd. was listed on BSE on August 6, 2025, following its IPO. This filing is a mandated report on the utilization of those IPO proceeds. A past filing on November 7, 2026, reported a Net Profit of INR 158.32 Lakhs for Q2 FY27.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total amount of IPO proceeds utilized by Mehul Colours Ltd. as of Q2 FY27?
Mehul Colours Ltd. utilized INR 1,371.05 Lakhs from its IPO proceeds for the half year ended September 30, 2026.
How much of the IPO proceeds remain unutilized by Mehul Colours Ltd. in Q2 FY27?
As of September 30, 2026 (Q2 FY27), INR 794.71 Lakhs of the IPO proceeds remain unutilized by Mehul Colours Ltd.
For what specific purposes are the IPO funds remaining unutilized by Mehul Colours Ltd.?
The unutilized funds include INR 782.75 Lakhs for funding capital expenditure towards a new manufacturing facility and INR 11.96 Lakhs for general corporate purposes.
Did Mehul Colours Ltd. report any deviation in IPO fund utilization for Q2 FY27?
No, Mehul Colours Ltd. reported no deviation or variation in the utilization of its IPO proceeds for the period ended September 30, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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