We hereby submit Monitoring Agency Report as on 31st Match 2025 provided by the Crisil Ratings Limited. Kindly take the same on your records.
RBZJEWEL · price
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Awaiting price reaction for this filing.
RBZ Jewellers submitted the final Monitoring Agency Report from CRISIL Ratings for the quarter and year ended March 31, 2025, covering how the company used proceeds from its December 2023 IPO (net proceeds of Rs 9,210.51 lakh). The full Rs 8,074.91 lakh earmarked for working capital was utilized in earlier quarters. The General Corporate Purposes (GCP) allocation was revised upward from Rs 827.09 lakh to Rs 1,135.60 lakh because actual offer-related expenses came in lower than estimated. During Q4 FY25, the entire Rs 1,135.60 lakh GCP amount was used to repay long-term borrowings (a term loan). No deviations from the stated objects, no delays in implementation, and no unutilized funds remain. The balance in the monitoring agency account and public issue account is nil.
This is a routine compliance filing that confirms the company has cleanly deployed all IPO money as promised, with the surplus from lower issue costs used to retire debt — mildly positive for shareholders as it reduces interest outflow. The clean report and full utilization should reassure retail investors, though it is unlikely to move the stock price meaningfully on its own.