Ducol Organics Utilizes ₹31.43 Crore IPO Proceeds
Published on: May 20, 2026, 6:54 p.m. | Source: scanx.trade
Ducol Organics and Colours Limited utilized INR 31,43,57,357 out of the INR 31,51,20,000 raised via IPO by March 31, 2026. The unutilized balance of INR 7,62,643 is held in a Fixed Deposit with NKGSB Bank. Between October 2025 and March 2026, the company deployed ₹22,39,19,170 towards working capital and general corporate purposes. The statutory auditor certified no deviation from the original objects of the fund-raising.
