Monitoring Agency Report for the quarter ended March 31, 2026
AWFIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the monitoring agency for Awfis Space Solutions' IPO of Rs. 128 crore (May 2024), has submitted its Q4FY26 report. All four use-of-funds categories show full utilization or near-full utilization with no deviations from the offer document. Capital expenditure for new centers (Rs. 42.03 crore) and working capital requirements (Rs. 54.37 crore) have been fully deployed. General corporate purpose funds (Rs. 20.63 crore) are also fully utilized. Issue-related expenses (Rs. 10.97 crore) have seen Rs. 9.60 crore utilized with Rs. 1.37 crore remaining in the public issue account pending invoices. No delays were observed in any object. The CA certificate was issued by Kirtane & Pandit LLP.
The report confirms proper utilization of IPO proceeds with zero deviations — a positive signal for investors. The small unutilized balance (Rs. 1.37 crore) is routine pending invoice settlement and does not indicate any concern.