Monitoring Agency report for quarter ended 31.12.2025
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Sharvaya Metals filed its Q3 FY26 Monitoring Agency Report on IPO proceeds from its September 2025 IPO of Rs. 58.80 crore (Rs. 49 cr fresh issue + Rs. 9.80 cr promoter OFS at Rs. 196 per share). During the quarter, the company utilized Rs. 12.57 crore across working capital (Rs. 1.50 cr), civil construction (Rs. 0.44 cr), plant and machinery (Rs. 3.65 cr), general corporate purposes (Rs. 6.09 cr – entirely used for raw material reimbursements via multiple invoices dated 08-12-25), and IPO expenses (Rs. 0.89 cr). The remaining Rs. 23.70 crore of unutilized fresh issue proceeds is parked in a fixed deposit with AU Small Finance Bank (Rs. 15 cr at 6.9%, maturing 04-Dec-2026) and Rs. 8.70 cr in the monitoring account. Monitoring Agency Infomerics reported no deviation from stated objects, no delays in implementation, and no change in means of finance.
Clean quarterly report with zero deviations or delays is a positive, reassuring signal for shareholders. First advance payments towards plant and machinery confirm that the proposed aluminium extrusion expansion (8,000 MT/annum capacity, backed by ~89% utilisation at the existing facility) is on track.