Bansal Wire Industries Limited has informed the Exchange regarding final Monitoring Agency Report for the Quarter ended June 30, 2025 issued by CRISIL Ratings Limited
BANSALWIRE · price
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Bansal Wire Industries has submitted its final Monitoring Agency Report issued by CRISIL Ratings for Q1 FY26, confirming full utilization of IPO proceeds raised in July 2024. The fresh issue size was Rs 7,450 million (gross), with net proceeds of Rs 6,970.55 million. All stated objectives have been fully met: Rs 4,526.83 million for company loan repayment, Rs 937.08 million for subsidiary loan repayment, Rs 600 million for working capital, Rs 906.64 million for general corporate purposes, and Rs 479.45 million for issue expenses. The monitoring agency reported no deviation from the objects disclosed in the offer document and no major changes from earlier reports. Unutilized amount stands at NIL as of June 30, 2025, marking the conclusion of IPO proceeds monitoring.
This is a routine positive compliance filing confirming disciplined and complete deployment of IPO funds with no misuse or deviation from disclosed purposes. It carries no direct stock price impact and simply closes out the IPO monitoring chapter over a year after listing.