Monitoring Agency Report under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SCODATUBES · price
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Scoda Tubes Limited has submitted the quarterly Monitoring Agency Report prepared by CRISIL Ratings Limited covering how the company used the money raised from its IPO (May 28–30, 2025) and its earlier Pre-IPO placement (October 24, 2024). The IPO raised Rs 2,200 million gross (Rs 2,007.29 million net of Rs 192.71 million in issue expenses), while the Pre-IPO round raised Rs 550 million of which Rs 367.58 million was already used earlier and Rs 182.42 million is now being monitored. During Q1 FY26, the company used Rs 82.97 million for capacity expansion (civil work and plant & machinery orders), Rs 426.63 million for working capital (raw material purchases), Rs 75.00 million of IPO GCP for income tax, and Rs 129.64 million toward issue expenses. It also used Rs 82.15 million of Pre-IPO proceeds for administration, civil/structural work, and plant & equipment. The remaining Rs 1,485.74 million of IPO funds and Rs 100.27 million of Pre-IPO funds are parked in HDFC Bank fixed deposits (earning 6.05%–6.85%) and bank accounts. CRISIL confirmed no deviations from stated objects and no delays in implementation.
This is a routine compliance filing confirming IPO money is being spent as promised to investors. No negative deviations or delays were flagged, which is mildly reassuring for shareholders tracking deployment. The bulk of funds are still unutilized and sitting in fixed deposits, so meaningful capex and working capital deployment progress should be watched over the coming quarters.