Monitoring Agency Report for the quarter ended March 31, 2026
BLACKBUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited, the appointed monitoring agency, has submitted its Q4 FY2026 report for BlackBuck Limited's IPO (November 2024). The Rs 550 crore IPO proceeds are being utilized as per the offer document with no deviations observed. Of the total proceeds, Rs 444.36 crore (80.8%) has been utilized by March 31, 2026, leaving Rs 105.64 crore unutilized. The NBFC subsidiary Blackbuck Finserve has received the full Rs 140 crore allocation. Sales and marketing has consumed Rs 137.30 crore of its Rs 200 crore allocation, product development Rs 45.38 crore of Rs 75 crore, and general corporate purposes Rs 121.69 crore of Rs 135 crore. The unutilized amount is deployed in fixed deposits with Axis Bank and Kotak Bank earning 3.25%-7.40% returns. No delays or unfavorable events affecting viability were noted.
The clean monitoring report with no deviations indicates proper utilization of IPO funds and no red flags for shareholders. The company is progressing as planned across all stated objectives including NBFC investment, product development, and sales expansion.