Monitoring Agency Report for the quarter ended March 31, 2026
INNOVISION · price
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Innovision Limited, a road assets company (toll, annuity, hybrid-annuity), has submitted its Q4 FY26 monitoring agency report for its IPO proceeds. The IPO raised Rs 3,192.52 million (fresh issue Rs 2,550 million + OFS Rs 642.52 million) with net proceeds of Rs 2,097.99 million after issue expenses of Rs 452.01 million. As of March 31, 2026, Rs 950.19 million (45%) has been utilized - Rs 510 million fully deployed for loan repayment (WCDL, CC, invoice bill discounting), Rs 440.19 million for issue expenses, and only Rs 118 for general corporate purposes. The unutilized Rs 1,599.81 million is parked in fixed deposits with Yes Bank (Rs 1,000 million) and HDFC Bank (Rs 250 million), plus balance in monitoring and public offer accounts. No deviations from stated objects were reported.
The slow utilization (only 45% deployed) is explained by the IPO closing mid-March 2026 near fiscal year-end. Working capital and GCP funds remain largely untouched with no red flags. This is a routine post-IPO compliance filing showing funds are on track, with no material concerns for shareholders at this stage.