Monitoring Agency Report for the quarter ended June 30, 2025
AWFIS · price
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Awfis Space Solutions has submitted the Monitoring Agency Report for the quarter ended June 30, 2025, prepared by CARE Ratings Limited. The company raised Rs. 128 crore through its IPO in May 2024, earmarked for four purposes: setting up new centers (Rs. 42.03 crore), working capital (Rs. 54.37 crore), general corporate purposes (Rs. 20.63 crore), and issue-related expenses (Rs. 10.97 crore). As of June 30, 2025, Rs. 126.45 crore has been utilised, with Rs. 1.59 crore of fresh issue proceeds still parked in the Public Issue Account to cover pending issue-related vendor invoices. The report confirms full deployment of funds for new centers, working capital, and general corporate purposes, with no deviation from stated objects and no delays in implementation.
This is a routine positive compliance filing that reassures shareholders that IPO funds are being used exactly as promised in the offer document. There are no red flags on misuse, delays, or deviations, though the small unutilized balance means issue-related expenses are still being wound up.