Innovators Facade Systems has informed that it has allotted 56,60,800 Equity Shares of face value of Rs 10 each for cash at a price of Rs 72 per Equity Share (including a share premium of Rs 62 per Equity Share) through Initial Public Offer (‘Issue’). Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has confirmed that there has been no deviation in the use of the public issue proceeds raised from the Initial Public Offer. The aforesaid confirmation pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the half year ended March 31st, 2020 has been duly reviewed by the Audit Committee of the Company. The company has informed that since the funds raised by way IPO has been fully utilized, there will be no requirement of filing half yearly certificate for no deviation going forward.
The above information is a part of company’s filings submitted to BSE.
