SHRINGARMS · price
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CRISIL Ratings Limited, the monitoring agency, has submitted its report on the utilization of IPO proceeds for Shringar House of Mangalsutra Limited for Q4 FY2026. The company raised Rs 4,009.20 million through its IPO in September 2025. Of the net proceeds of Rs 3,613.57 million, Rs 2,800 million for working capital and Rs 813.57 million for general corporate purposes have been fully utilized. Issue expenses of Rs 388.54 million out of Rs 395.63 million have been deployed, leaving a balance of Rs 7.09 million in the public offer account with Axis Bank. No deviations from the stated objects or delays in implementation were observed.
This is a routine post-IPO compliance filing confirming that funds are being deployed as per the prospectus. The unutilized Rs 7.09 million for issue expenses is expected and poses no concern to shareholders. All major allocations are fully deployed.