Monitoring Agency Report for the quarter ended March 31, 2026
DOMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings Limited, the monitoring agency, has submitted its report on the utilization of IPO proceeds for Q4 FY2025-26. DOMS IPO raised Rs 12,000 million in December 2023, with net proceeds of Rs 3,327.24 million. Of this, Rs 2,800 million was allocated for part-financing a new manufacturing facility at Umbergaon, Gujarat, and Rs 527.24 million for general corporate purposes. As of March 31, 2026, Rs 2,763.54 million has been utilized for the project (91% of allocation), with Rs 36.46 million remaining in the monitoring account. The project has experienced a slight delay due to unseasonal rains in Q2 and Q3 of FY2025-26, pushing expected completion from December 2025/March 2026 to June 2026. No material deviations from the disclosed objects of the issue were observed.
The slight delay in the manufacturing facility completion is minor and expected to be resolved by June 2026. IPO funds are being deployed largely as planned with no material deviations, which is a positive indicator for shareholders.