Monitoring Agency Report for the quarter ended March 31, 2026.
QPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quality Power Electrical Equipments Limited has submitted its Q4 FY2026 monitoring agency report (issued by Brickwork Ratings India Private Limited) showing IPO proceeds utilization. The IPO raised ₹858.696 crore through a fresh issue of ₹224.999 crore and an offer for sale of ₹633.696 crore at ₹425 per share. Of the proceeds, ₹1.37 crore sits in the monitoring account while ₹24 crore is deployed across seven Axis Bank fixed deposits earning interest rates of 5.00-5.50% with staggered maturities in April-July 2026. The remaining IPO funds appear to have been deployed for stated objects, with unutilized amounts held in liquid instruments. The filing confirms regulatory compliance under SEBI LODR and ICDR regulations.
The report indicates IPO funds are being held conservatively in fixed deposits, suggesting gradual deployment for capital expenditure or working capital purposes. Low utilization in liquid instruments is common in early post-IPO quarters as companies await project execution timelines. No red flags on fund safety.