Monitoring Agency Report issued by CRISIL Ratings Limited for Utilization of proceeds raised through issuance of Equity Shares by way of IPO of the Omnitech Engineering Limited for the ....
OMNI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Omnitech Engineering Limited filed its Q4 FY26 Monitoring Agency Report for its February 2026 IPO. The company raised Rs 4,180 million (gross) with net proceeds of Rs 3,917.41 million after Rs 262.59 million in issue expenses. During the quarter, Rs 1,354.50 million was utilized against the IPO objects, leaving Rs 2,825.50 million unutilized. The full Rs 500 million allocated for debt repayment was deployed. Capital projects at Proposed Facility 1 and 2 saw limited deployment (Rs 47.03 million and Rs 50.66 million respectively) due to the IPO closing near fiscal year-end. General corporate purposes utilized Rs 511.97 million including Rs 351.16 million for a GIDC Sanand plot purchase and Rs 60.81 million for salaries. No deviations from stated objects were reported. Unutilized proceeds are parked in fixed deposits with Union Bank of India and Axis Bank.
The delayed deployment of capital projects is expected and explained by timing, with no material concerns. Shareholders can monitor that Rs 2.83 billion remains deployed in fixed deposits earning 7.22% return, awaiting deployment as projects progress. No red flags on fund utilization compliance.