Monitoring Agency Report for the quarter ended March 31, 2025
ABDL · price
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Awaiting price reaction for this filing.
ABDL has filed the final Monitoring Agency Report from CRISIL Ratings covering the use of its IPO proceeds for the quarter ended March 31, 2025. The company raised Rs 10,000 million (gross) via its IPO in June 2024, with net proceeds of Rs 9,414.70 million after spending Rs 585.30 million on issue expenses. Of this, Rs 7,200 million was used to prepay or repay outstanding borrowings and Rs 2,214.70 million was used for general corporate purposes—both fully deployed as planned. The monitoring agency confirmed no deviation from the stated objects, no delays in implementation, and no major deviations from earlier reports. Both the public offer account and monitoring account balances stand at Nil, marking this as the final monitoring report.
This is a routine regulatory filing confirming that ABDL has fully and cleanly deployed its IPO proceeds in line with disclosed plans, which is mildly positive for transparency but does not add new fundamental information likely to materially move the stock.