Monitoring Agency Report on IPO proceeds utilization for Q1 FY2027
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patel Retail filed ICRA's Monitoring Agency Report on IPO proceeds for Q1 FY2027 (quarter ended June 30, 2026). No material deviation found. Pre-IPO proceeds of INR 15 crore fully utilized. Of IPO proceeds (INR 217.11 crore), INR 204.16 crore utilized. Borrowings repayment and working capital fully deployed on schedule. Issue expenses exceeded estimate by INR 1.27 crore, cutting general corporate purpose allocation to INR 21.21 crore. INR 12.95 crore remains unutilized under GCP, parked in Yes Bank FD at 7.30%.
Positive - proceeds used as per stated IPO objects. No material deviation. INR 12.95 crore still pending deployment under general corporate purposes.