This is an Intimation regarding submission of Monitoring Agency Report by CRISIL Ratings Limited for the quarter & half year ended as on 30th September, 2025, pursuant to Regulation 30 ....
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Awaiting price reaction for this filing.
JD Cables has submitted its first post-IPO monitoring report from CRISIL Ratings covering the quarter ended September 30, 2025. The company raised Rs 95.99 crore through its IPO in September 2025 (fresh issue Rs 84.41 crore plus an offer-for-sale of Rs 11.58 crore), with net proceeds of Rs 78.54 crore earmarked for working capital (Rs 45 crore), debt repayment (Rs 26 crore), and general corporate purposes (Rs 7.54 crore). As of September 30, 2025, none of the net proceeds had been utilized toward any of these stated objects. The entire unutilized amount is parked in four ICICI Bank fixed deposits of Rs 17-20 crore each earning 6.60% interest (maturing September 30, 2027), plus small balances in the public issue and monitoring accounts. CRISIL flagged no deviations and no change in financing means.
This is a routine procedural filing confirming IPO funds have not yet been deployed, which is normal for a recently listed company. Investors should monitor upcoming quarterly reports to track whether the company begins using proceeds as promised, particularly the Rs 26 crore earmarked for debt repayment. Near-term stock impact is neutral.