Kiaasa Retail Ltd Provides Chartered Accountant Certification of IPO Proceeds Utilization Status for Quarter Ended June 30, 2026
Kiaasa Retail Limited has released a certification detailing the status of its Initial Public Offering (IPO) funds utilization for the quarter ending June 30, 2026. The financial data, verified by Dharam Taneja Associates, Chartered Accountants, outlines how the funds raised through the IPO were allocated across various expenditures categories.The certification provides a detailed breakdown of the fund status for Kiaasa Retail Limited as per the scrutinization of accounting records and explanations provided to the auditing firm. The utilization figures are presented in Rupees Crores.
Key expenditure areas reviewed include opening new stores, unidentified acquisition and general corporate purposes, and IPO issue expenses.
A summary of the IPO Issue Fund Utilization Status for the quarter ending June 30, 2026 is detailed below:
| Particulars | Amount as per IPO Object (Rs. Crores) | Unutilized during Q4 2026 (Rs. Crores) | Amount Utilized during Q1 2027 (Rs. Crores) | Unutilized during Q1 2027 (Rs. Crores) |
|---|---|---|---|---|
| Expenditure for opening new stores | 46.46 | 22.86 | 12.29 | 10.57 |
| Unidentified Acquisition & General Corporate Purposes | 10.00 | 4.19 | 4.19 | 0.00 |
| IPO Issue Expenses | 13.28 | 1.02 | 1.02 | 0.00 |
| Total | 69.74 | 28.07 | 17.50 | 10.57 |
The certification confirms the financial status of the IPO issue funds, documenting both the originally allocated amounts and subsequent utilization across the specified periods by Dharam Taneja Associates.
Stock Price Movement
At 11:20, Kiaasa Retail Ltd is edging lower at ₹34.00, having shed 0.15% in current trading. The shares have moved throughout the session, ranging between a low of ₹33.11 and an intraday high of ₹34.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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