Monitoring Agency Report for the 4th quarter & financial year ended on Tuesday, March 31,2026
PATELRMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has submitted its final monitoring agency report for Patel Retail's IPO proceeds utilization for Q4 FY2026. The company raised INR 242.66 crore through its IPO (August 2025), with net proceeds of INR 189.39 crore after accounting for higher-than-estimated issue expenses. Of the INR 217.11 crore gross IPO proceeds monitored, INR 197.92 crore (91%) has been utilized, with INR 19.19 crore remaining in general corporate purposes. Pre-IPO proceeds of INR 15 crore have been fully deployed. Working capital funding (INR 109 crore) and debt repayment (INR 59 crore) have been completed as planned. The only change noted is a INR 1.08 crore upward revision in offer expenses, offset by reducing the general corporate purpose allocation accordingly.
The report confirms funds are being deployed as disclosed in the offer document with no material deviations. The INR 19.19 crore remaining in general corporate purposes will continue to be deployed per the stated objects. This is a routine compliance filing indicating proper fund management following the August 2025 IPO.