Smartworks Q1FY27 IPO fund use report shows 84 percent utilised, no deviation
SMARTWORKS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Smartworks filed Q1FY27 monitoring agency report for its Rs.445 crore IPO. As of June 30, 2026, Rs.374.79 crore utilised and Rs.70.21 crore remaining. Loan repayment of Rs.114 crore fully done. Capex on new centre fit outs used Rs.159.65 crore of Rs.225.84 crore planned. GCP and issue expenses nearly fully deployed. CARE Ratings confirms no deviation from objects and no delay. Unutilised funds parked in fixed deposits across AU Small Finance, IDFC First, Jana Small Finance and HDFC Bank at 5.35 to 7.50 percent. Board extended GCP timeline to FY27.
No deviation in IPO fund use. 84 percent of Rs.445 crore utilised on schedule; Rs.70 crore earning interest in fixed deposits. Mildly positive for governance.