Monitoring agency report for the quarter ended march 31, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brickwork Ratings has submitted the second monitoring agency report for MethodHub Software's IPO proceeds. The company raised Rs. 102.49 crore via a Fresh Issue and Offer for Sale in December 2025 at Rs. 194 per share. Of the total, Rs. 13.60 crore was fully deployed for loan repayment, Rs. 4 crore for investment in US subsidiary (completed), and Rs. 13.94 crore for issue expenses. Rs. 11.22 crore of Rs. 25 crore allocated for working capital was utilized, leaving Rs. 13.79 crore unutilized. Rs. 12.67 crore out of Rs. 30.59 crore for unidentified inorganic acquisitions and GCP was deployed, with Rs. 17.92 crore remaining. The monitoring agency confirmed no deviations from the offer document objects, all government approvals were obtained, and unutilized proceeds are parked in bank accounts and fixed deposits earning 2.75-6.45% interest.
IPO proceeds are being deployed largely as per the offer document with no material deviations reported, which is a positive sign for investors. Two objects (loan repayment and subsidiary investment) are fully completed; working capital and acquisition funds remain partially deployed as expected for an IPO completed just four months ago.