Monitoring Agency Report for the quarter ended March 31, 2026
FRACTAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fractal Analytics submitted its Q4 FY26 Monitoring Agency Report for its IPO, which closed in February 2026 raising Rs. 1,023.5 crore. The company utilized Rs. 43.3 crore during the quarter out of net proceeds of Rs. 959.3 crore, leaving Rs. 980.2 crore unutilized. Of the Rs. 43.3 crore spent, Rs. 2.6 crore went toward equity investment in Fractal USA (for repaying borrowings) and Rs. 40.7 crore toward IPO issue expenses. Major planned uses like laptops (Rs. 57.1 crore), new office premises (Rs. 121.1 crore), R&D and sales marketing (Rs. 355.1 crore), and acquisition fund (Rs. 161.1 crore) remain completely unused. Unutilized funds are parked in Fixed Deposits with Axis Bank (Rs. 807 crore) and IDFC Bank (Rs. 150 crore), plus balances in monitoring and public offer accounts.
The slow utilization of IPO proceeds is normal as the company is in early deployment stages. Most funds are safely parked in FDs earning 6.3-7.55% returns. No deviations from stated objects were observed, which is positive for shareholders concerned about fund misallocation.