Monitoring Agency Report for the quarter ended March 31, 2026, in relation to the Initial Public Offer of the Company
ARKADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
This is the final Monitoring Agency Report from CRISIL Ratings Limited for Arkade Developers IPO proceeds utilization. The company raised Rs 4,100 million (gross) through IPO in September 2024, with net proceeds of Rs 3,800.75 million after issue expenses of Rs 299.25 million. All proceeds have been fully deployed as of March 31, 2026. Funds were allocated to development expenses for ongoing projects (Arkade Nest, Prachi CHSL, C-Unit) at Rs 2,500 million, and Rs 1,300.75 million for land acquisition and general corporate purposes. Both the Public Issue account and monitoring account balances stand at Nil. No deviations from the disclosed objects were observed, and no delays in implementation were reported.
The filing indicates smooth and complete utilization of IPO proceeds as promised in the offer document, which is a positive signal for shareholders. No material deviations or unfavorable events were noted, and this final report closes the monitoring cycle for the IPO proceeds.