Monitoring Agency Report for quarter ended 30.09.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sharvaya Metals has submitted the Monitoring Agency Report from Infomerics Valuation and Rating for Q2 FY26, covering IPO proceeds utilization. The company raised Rs. 49 crore through a fresh issue (total IPO size Rs. 58.80 crore including Rs. 9.80 crore offer for sale) during September 4–9, 2025, with net proceeds of Rs. 41.87 crore after expenses. Of the Rs. 49 crore raised, Rs. 12.73 crore has been utilized and Rs. 36.27 crore remains unutilized as of September 30, 2025. Major spending went to working capital (Rs. 5.98 cr of Rs. 9 cr), while Plant & Machinery (Rs. 20.40 cr earmarked) saw zero utilization in this quarter. The Monitoring Agency flagged no deviation from stated objects and no delays, though it noted that the supporting CA certificate was issued by the tax auditor rather than the statutory auditor or peer reviewer.
For retail investors, this is a routine compliance filing with no negative findings — no deviation from IPO objects and no delay in implementation. However, nearly 74% of fresh issue proceeds remain undeployed just weeks after the IPO closed, which is normal given the early stage but worth tracking as Plant & Machinery capex (the largest object at Rs. 20.40 cr) has yet to begin.