Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith Monitoring Agency Report issued in respect of the utilization of the proceeds of the Initial Public Offer ( IPO ) of the Company for the quarter ended 30th June 2025, by CRISIL Ratings Limited, the Monitoring Agency.
INNOVACAP · price
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Innova Captab Limited has filed the final Monitoring Agency Report from CRISIL Ratings Limited for the quarter ended June 30, 2025, covering the use of proceeds from its December 2023 IPO. The total net proceeds of Rs 2,942.18 million have been fully utilized across all four stated objects: Rs 1,444 million for repayment of company loans, Rs 236 million invested in subsidiary UML for its loan repayment, Rs 720 million for working capital, and Rs 542.18 million for general corporate purposes. The GCP allocation was revised upward by Rs 11.09 million because actual issue expenses were lower than estimated. CRISIL confirmed there is no deviation from the disclosed objects, no delays in implementation, and no material issues.
This is a positive corporate governance signal — all IPO funds have been deployed exactly as promised to investors, with no diversion or delays. The closure of monitoring (both offer and monitoring accounts stand at Nil) wraps up SEBI's post-IPO oversight cleanly, which should reassure shareholders about management's discipline with capital.