Monitoring Agency Report for the second quarter and half year ended September 30, 2025, issued by Acuite Ratings and Research Limited.
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Awaiting price reaction for this filing.
Monika Alcobev has filed Acuité Ratings' Monitoring Agency Report tracking the use of proceeds from its July 2025 IPO. The company raised net proceeds of INR 119.86 Crores (gross fresh issue INR 137.03 Cr; total issue size INR 165.63 Cr including offer for sale). As of H1 FY26, INR 89.20 Crores (around 74%) has been deployed — INR 11.45 Crores fully used for repaying bank borrowings, INR 71.07 Crores toward working capital, and INR 6.68 Crores for general corporate purposes. The remaining INR 30.66 Crores sits in fixed deposits (INR 15.99 Cr earning 6.6–7%) and current/cash-credit bank accounts. No deviation from the stated IPO objects and no delays in implementation have been observed.
A clean compliance update confirming IPO funds are being deployed on track and as disclosed at listing, with no signs of diversion or delay — a mildly positive read on post-IPO governance and management discipline for shareholders.