Monitoring Agency Report for the quarter ended on 31st March, 2026
ATLANTAELE · price
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CARE Ratings Limited, the Monitoring Agency for Atlanta Electricals IPO, has submitted its report for Q4 FY26 (quarter ended March 31, 2026). The IPO raised Rs.400 crore in September 2025. Of this, Rs.395.46 crore has been utilized so far, with Rs.4.54 crore remaining unutilized in the Public Offer Account with Kotak Mahindra Bank. The funds have been deployed as follows: Rs.79.12 crore for repayment of borrowings (fully utilized), Rs.210 crore for working capital requirements (fully utilized), Rs.85.03 crore for general corporate purposes (fully utilized), and Rs.21.31 crore towards issue expenses out of Rs.25.85 crore planned. The monitoring agency has confirmed no deviations from the objects of the issue, no material deviations, and no delays in implementation.
The filing shows clean utilization of IPO proceeds with no red flags. All major objectives have been completed as planned, which is a positive signal for shareholders regarding proper deployment of public funds.