Monitoring Agency Report for Quarter and Year ended March 31, 2026
SAMBHV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the monitoring agency for Sambhv Steel Tubes' IPO, submitted its Q4 FY26 report. The company raised Rs. 440 crore through its IPO in June 2025. As of March 31, 2026, Rs. 438.30 crore (99.6%) has been utilized: Rs. 390 crore fully deployed for repayment of outstanding borrowings, Rs. 20.96 crore used for general corporate purposes (93% of allocation), and Rs. 27.34 crore spent on issue-related expenses. Rs. 1.70 crore remains unutilized and is parked in the Kotak Mahindra Public Offer account. The General Corporate Purposes allocation, which was scheduled for full utilization by end of March 2026, has Rs. 1.50 crore remaining. The Board has extended the GCP utilization deadline to September 30, 2026 via resolution dated April 23, 2026. No material deviations from the offer document objects were observed.
The IPO proceeds are nearly fully deployed with no deviations from stated objects, which is positive. The minor delay in GCP utilization and timeline extension to September 2026 is a routine administrative matter and not a concern for investors.