Monitoring Agency Report for the quarter ended June 30, 2025 on the utilisation of proceeds raised through issuance of equity shares by way of Public Issue of the Company
FIRSTCRY · price
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Awaiting price reaction for this filing.
FirstCry's IPO in August 2024 raised Rs 4,193.7 crore in total, with Rs 1,666 crore being fresh issue and Rs 1,601.7 crore as net proceeds for the company. ICRA, the appointed Monitoring Agency, has confirmed that there are no deviations from the stated purpose and all deployment is on schedule as per the offer document. About Rs 1,067 crore remains unutilized and is parked in fixed deposits with HDFC Bank, Kotak Bank, and Axis Bank, earning an average return of around 7.5% and generating Rs 54.8 crore in interest so far. General corporate purpose spending of Rs 207.8 crore has already been used for rent, warehouse costs, and an IHC Dubai investment. The remaining proceeds are earmarked for new store rollouts, warehouses, subsidiary investments (Digital Age, FirstCry Trading, Globalbees), sales and marketing, technology, and acquisitions through FY27.
This is a routine SEBI-mandated compliance report with a clean bill of health — no deviations, no delays, and no adverse findings. Shareholders get reassurance that IPO money is being spent as promised, while unutilized funds are safely earning interest. No material stock price catalyst is expected from this disclosure.