Monitoring Agency report as on 30.06.2025
DBEIL · price
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Awaiting price reaction for this filing.
Crisil Ratings, the appointed Monitoring Agency, has filed its quarterly report on Deepak Builders & Engineers India Limited's use of IPO proceeds for Q1FY26. The company raised Rs 2,172.10 million (gross) through its IPO in October 2024, with revised net proceeds of Rs 1,959.24 million. All three primary objects—repayment of borrowings (Rs 300 million), working capital (Rs 1,119.56 million), and general corporate purposes (Rs 539.68 million)—have been fully utilized as of June 30, 2025. During the quarter, Rs 96.99 million was deployed, primarily Rs 38.01 million toward general corporate purposes (for working capital) and Rs 0.83 million toward issue expenses. No deviations from stated objects, no material changes in means of finance, and no delays in implementation were flagged by the Monitoring Agency.
This is a positive governance and compliance signal for shareholders—the company has fully deployed its IPO funds in line with what was promised at the time of listing, with no deviations or delays. The remaining Rs 6.24 million is held in a cash credit account for issue expenses and is unlikely to have any material effect on the stock price.