Monitoring Agency Report as on 31.12.2025
DBEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Crisil Ratings Limited, the Monitoring Agency, has submitted its quarterly report on how Deepak Builders & Engineers India Limited used the money raised from its October 2024 IPO (total issue size of Rs 2,172.10 million fresh issue + Rs 428.33 million offer for sale). The company has fully utilized the Rs 300 million earmarked for repaying borrowings, Rs 1,119.56 million for working capital, and Rs 542.65 million for general corporate purposes. Issue expenses came in lower than estimated at Rs 209.89 million against the original Rs 254.84 million, with the savings reallocated to general corporate purposes. Only Rs 1.34 million remains unutilized and is parked in bank accounts. There is no deviation from the stated objects, no delays in implementation, and no major changes compared to earlier monitoring reports.
This is a routine, largely positive compliance filing — it confirms the company has deployed almost all IPO funds as promised to shareholders, with no misuse or diversion. Shareholders can take comfort that proceeds were used for the disclosed purposes, though the report is unlikely to move the stock price materially.