We hereby inform that the Monitoring Agency Report dated 14th November, 2025 issued by Crisil Ratings Limited, for the quarter ended September 30, 2025 in respect of utilization of proceeds ....
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Awaiting price reaction for this filing.
Goel Construction Company Limited (Civil Construction, Jaipur) submitted its first Monitoring Agency Report from Crisil Ratings for the IPO held September 2-4, 2025. The IPO raised gross proceeds of Rs 8,107.53 lakh with net proceeds of Rs 7,455.67 lakh (slightly revised upward due to undersubscription in employee quota, with extra shares allotted to retail). As of September 30, 2025, the company had utilized Rs 2,819.28 lakh — 100% of General Corporate Purposes (Rs 976.04 lakh for shuttering, scaffolding, and labour hutments), 95% of issue expenses, 27.5% of equipment/fleet capex (Rs 1,148.36 lakh), and only 3% of loan repayment (Rs 74.47 lakh to Axis Bank). The remaining Rs 5,288.25 lakh is parked in HDFC Bank fixed deposits and monitoring/public issue accounts. There are no material deviations from stated IPO objects, though equipment specifications (brand/vendor) were changed with board approval.
Routine regulatory filing with no negative signals — Crisil confirms fund usage aligns with the offer document. Slow deployment of capex (73% of equipment funds yet to be used) is normal for a freshly listed company and should be tracked over coming quarters for execution discipline.