Pursuant to Regulation 262 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Regulation 32 of SEBI ( Listing Obligations and Disclosures Requirements) ....
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Awaiting price reaction for this filing.
Prodocs Solutions Limited submitted its Monitoring Agency Report for the quarter ended December 31, 2025, prepared by Infomerics Valuation and Rating Ltd. The company raised Rs. 27.60 crore through its IPO in December 2025 (fresh issue of Rs. 22.08 crore + offer for sale of Rs. 5.52 crore) at Rs. 138 per share. Net proceeds after issue expenses were Rs. 24.89 crore. Of the Rs. 6.05 crore utilized so far, Rs. 3.61 crore went to repay borrowings (Parami Finance, Vahani Investments, Aphelion Finance), Rs. 1.43 crore towards issue expenses, Rs. 0.77 crore for IT equipment (paid to Esoftsol Infocom), and Rs. 0.24 crore for general corporate purposes. The Monitoring Agency reported no deviation from stated objects and no delays or unfavorable events affecting project viability.
The report shows proceeds are being used as per disclosed objects with no major deviations, which is a neutral-to-positive compliance signal for shareholders. However, large portions of the IPO funds (Rs. 4.43 crore for software development and Rs. 4.50 crore for working capital) remain untouched, with Rs. 16.03 crore still parked in bank accounts awaiting deployment.