Monitoring Agency Report for the quarter ended March 31, 2026
AMAGI · price
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Crisil Ratings Limited has submitted the monitoring agency report for Amagi Media Labs' IPO proceeds utilization for Q4 FY2026. The company raised Rs 8,160 million in its January 2026 IPO (net proceeds: Rs 7,724.51 million after Rs 435.49 million issue expenses). During the quarter, Rs 740.57 million was deployed towards technology and cloud infrastructure (cloud services), primarily through AWS agreement. No funds were used for inorganic acquisitions or general corporate purposes. The company had planned to utilize Rs 1,042.64 million by FY2026 but achieved only Rs 740.57 million, resulting in a timing variance of Rs 302.07 million. The unutilized Rs 7,419.43 million is invested in fixed deposits with HDFC Bank, SBI, and Kotak Mahindra Bank, earning Rs 75.38 million in interest. The monitoring agency confirms all utilization aligns with the offer document disclosures.
The filing shows standard post-IPO fund deployment with a minor timing delay in technology infrastructure spending. No material deviations were observed, and all unutilized proceeds are safely parked in bank FDs. This is a routine compliance filing indicating normal progress on IPO fund utilization.