Dear Sir/Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of the SEBI (Issue of Capital and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Infomerics Valuation and Rating Limited, acting as the Monitoring Agency, has filed its report on the use of IPO proceeds for Icodex Publishing Solutions Ltd. The company raised Rs. 29.41 crore as net proceeds from its IPO (total issue size of Rs. 42.03 crore including a Rs. 7.39 crore offer for sale). As of September 30, 2025, Rs. 11.30 crore has been utilized and Rs. 18.11 crore remains unutilized, parked in current and escrow bank accounts. The utilized amount covers working capital (Rs. 5 crore), a refundable performance deposit of Rs. 10 crore to VEC Consultancy LLP for PSU projects worth ~Rs. 45 crore (Rs. 5 crore classified under working capital, Rs. 5 crore under general corporate purposes), and GST/TDS/other expenses. There are no deviations from the stated objects, and construction of the new Baner, Pune office is 85% complete with possession expected by December 2025.
This is a routine compliance filing confirming that IPO funds are being deployed as promised with no deviations. For shareholders, the key takeaways are that ~62% of IPO proceeds remain parked, the company has committed Rs. 10 crore as a refundable deposit tied to PSU projects, and major capex (office premises, hardware) is still pending. No immediate price impact expected.