Monitoring Agency Report for the quarter ended March 31, 2026
DOMS · price
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CRISIL Ratings Limited, as Monitoring Agency, submitted its Q4 FY2026 report on IPO fund utilisation for DOMS Industries. The IPO raised Rs 12,000 million (December 2023), with net proceeds of Rs 3,327.24 million allocated between part-financing a new manufacturing facility at Umbergaon, Gujarat (Rs 2,800 million) and general corporate purposes (Rs 527.24 million). As of March 31, 2026, Rs 3,290.78 million (98.9%) has been deployed — Rs 2,763.54 million for the facility and Rs 527.24 million for general purposes. Only Rs 36.46 million remains unutilised, held in the company's HDFC monitoring account. There was a slight delay in completing the facility's building, civil work, and sub-station due to unseasonal rains in Q2 and Q3 of FY2026, pushing full completion from an estimated December 2025/March 2026 to June 2026. No material deviations from the offer document were observed.
The project is nearly complete with only a minor weather-related delay of a few months. No shareholder action is required. The stock is unlikely to see any negative reaction from this filing.