iware supplychain services Reports Partial IPO Fund Utilisation as Industrial Shed Project Faces Delays
Published on: May 13, 2026, 11:40 a.m. | Source: scanx.trade
iware supplychain services submitted its IPO fund utilisation statement under Regulation 32 of SEBI (LODR) Regulations, 2015, as on 31st March, 2026, reviewed by its Board on 12th May, 2026. Three out of four IPO objectives — Working Capital (Rs 680.00 lacs), General Corporate Purpose (Rs 386.77 lacs), and Issue Expenses (Rs 240.00 lacs) — were fully utilised. The industrial shed project at Chadvada Bhachau, Kutch, Gujarat, saw partial utilisation of Rs 1,057.32 lacs against Rs 1,406.43 lacs allocated, with Rs 349.11 lacs pending due to labour shortages and execution challenges in February and March 2026. The statement was certified by JAYAM & Associates LLP, Chartered Accountants.
