Intimation of Monitoring Agency Report for the quarter ended 31.12.2025 for the company.
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Awaiting price reaction for this filing.
Apollo Techno Industries has filed its first Monitoring Agency Report from CARE Ratings covering IPO proceeds of Rs. 47.96 crore raised on the SME platform between December 23–26, 2025. The IPO was meant to fund working capital (Rs. 38.50 crore), general corporate purposes (Rs. 3.52 crore), and issue expenses (Rs. 5.93 crore). As of December 31, 2025, only Rs. 4.77 crore had been spent — all on issue-related expenses — while Rs. 43.18 crore remained unutilized. The company says no money was deployed on working capital or general purposes because the IPO funds were credited to the public issue account only on December 31, the very last day of the quarter. The unutilized Rs. 43.18 crore is parked in Kotak Mahindra Bank public issue and monitoring accounts. CARE Ratings confirmed there is no deviation from the objects stated in the offer document.
This is a routine compliance disclosure with no negative findings — no deviation from stated use of funds, no change in financing plans, and no material issues flagged. The lack of deployment so far is simply because the IPO closed on December 26 and funds flowed in on December 31, so shareholders should expect utilization to pick up from the next quarter. Near-term impact on the stock is likely neutral.