Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Brickwork Ratings has submitted the second Monitoring Agency Report for Chemkart India Limited's IPO proceeds of Rs 80.08 crore raised in July 2025. The company has fully utilized Rs 20 crore for repayment of borrowings and Rs 9.08 crore of the Rs 9.53 crore allocated for issue expenses. However, only Rs 1.45 crore (out of Rs 34.68 crore) has been deployed so far towards setting up a manufacturing facility through its wholly-owned subsidiary Easy Raw Materials, leaving Rs 33.23 crore unutilized. The remaining unutilized funds are parked in bank accounts and various arbitrage and liquid mutual funds. No deviations from the stated objects were reported, and no delays in implementation were flagged.
Positive for shareholders: no deviation from IPO objects and borrowings fully repaid as planned. However, investors should note the slow pace of capex deployment on the manufacturing facility (only ~4% utilized in six months), with most idle proceeds parked in liquid/arbitrage funds awaiting deployment by FY 2026-27.