Monitoring Agency Report for the quarter ended June 30, 2025
IKIO · price
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IKIO Technologies has submitted the CRISIL Ratings Limited Monitoring Agency Report on use of IPO proceeds for the quarter ended June 30, 2025. The IPO (June 2023) had a total size of Rs 6,065 million, with revised net proceeds of Rs 3,261.41 million earmarked for three purposes. Loan repayment of Rs 500 million is fully utilised, General Corporate Purposes of Rs 638.29 million is almost fully used (Rs 637.78 million), and Rs 1,314.72 million (out of Rs 2,123.12 million) has been deployed towards the new manufacturing facility in Noida via subsidiary IKIO Solutions. Unutilised funds of about Rs 808.91 million are largely parked in HDFC Bank fixed deposits earning 6.15%-7.55% interest. During the quarter, only Rs 95.77 million was deployed, and the Board has approved deployment of Rs 700 million more during FY26. There are no deviations from the stated objects, no delays, and all required statutory approvals have been obtained.
This is a routine SEBI compliance filing showing disciplined IPO fund usage with no deviations or delays, which is neutral to mildly positive for shareholder confidence. Investors can note that about 75% of net proceeds are already deployed and the remaining ~Rs 808 million is safely parked in bank FDs, reducing any overhang concern about unutilised IPO money.