Monitoring Agency Report for Qtr ended June 2025
GLOBECIVIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Globe Civil Projects has filed its first Monitoring Agency Report (by CARE Ratings) for Q1FY26, covering its recently concluded Rs. 119 crore IPO (open June 24–26, 2025). The report confirms no deviation from the stated objects of the issue. The planned use of proceeds is Rs. 75 crore for working capital, Rs. 14.26 crore for capital expenditure, Rs. 17.13 crore for general corporate purposes, and Rs. 12.62 crore for issue-related expenses. Notably, no funds were utilized during Q1FY26, with the entire unutilized amount of Rs. 118.97 crore parked in the AXIS Bank issue account. There are no delays in implementation, with all objects targeted for completion in FY26.
This is a routine SEBI-mandated compliance filing for a recently listed company, and the findings are clean with no deviations or red flags. The zero utilization in Q1FY26 is expected since the IPO closed only on June 26, 2025, giving the company virtually no time to deploy proceeds. Investors should monitor subsequent quarterly reports to track actual deployment of the Rs. 119 crore into working capital and capex.