Monitoring Agency Report for the quarter ended 31st March, 2026
IKIO · price
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CRISIL Ratings Limited, the appointed Monitoring Agency, has submitted its report on the utilization of IPO proceeds for IKIO Technologies Limited for Q4 FY26. The company raised Rs 6,065 million via IPO in June 2023, with net proceeds of Rs 3,261.41 million after issue expenses. Of this, Rs 500 million for debt repayment has been fully utilized, Rs 1,733.40 million of Rs 2,123.12 million has been deployed for the new manufacturing facility in Noida, and Rs 637.78 million of Rs 638.29 million has been used for general corporate purposes. There is a delay in completing the Noida facility—originally targeted for FY2025 but now expected by March 2027—citing delays in procurement and obtaining necessary approvals. The unutilized amount of Rs 390.23 million remains parked in fixed deposits and current accounts.
The delay in deploying IPO proceeds toward the new facility construction is a minor concern, but the funds remain safely deployed in fixed deposits earning interest. This is a routine compliance filing and does not signal any immediate impact on the stock price.