Monitoring Agency Report for the quarter ended March 31, 2026, on the utilization of proceeds raised through issuance of equity shares by way of Public Issue of the Company.
FIRSTCRY · price
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Brainbees Solutions (FirstCry) has submitted its Q4 FY2026 monitoring report for its August 2024 IPO of Rs 4,193.73 crore. ICRA Limited, the monitoring agency, confirms no deviation from the disclosed objects of the issue. Total proceeds of Rs 1,666 crore have been monitored, with Rs 919.47 crore utilized and Rs 746.53 crore remaining. Key deployments include Rs 270.66 crore for GCP/strategic initiatives, Rs 189.19 crore for sales and marketing (95% utilized), Rs 141.91 crore invested in subsidiary Digital Age (47% utilized), and Rs 104.81 crore in Globalbees Brands (62% utilized). Unutilized funds of Rs 858.26 crore are deployed in FDs with HDFC and Kotak banks earning 6.75-7.57% returns. All capital expenditure objects remain on schedule as per the prospectus timeline of FY25-FY27.
Positive signal for investors - IPO proceeds are being deployed as planned with no deviations. Approximately 45% of funds remain unutilized but are parked in safe fixed deposits, suggesting measured capital deployment. The company is tracking its expansion roadmap for stores, warehouses, and technology investments.