Monitoring Agency Report for the Quarter Ended on 31st December 2025
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Awaiting price reaction for this filing.
SSMD Agrotech India Ltd submitted the Monitoring Agency Report for Q3FY26, covering utilization of proceeds from its recently concluded IPO of Rs. 34.09 crore (28.17 lakh equity shares at Rs. 121 per share, listed Nov 2025). Out of the total amount raised, the company has utilized Rs. 10.98 crore so far — including Rs. 5.68 crore for issue expenses, Rs. 3.96 crore for working capital, Rs. 1.19 crore for general corporate purposes, Rs. 0.10 crore for namkeen plant machinery, and Rs. 0.05 crore for D2C dark store factories. The remaining Rs. 23.10 crore is parked in ICICI Bank fixed deposits (Rs. 19 crore earning 6.45–6.60% interest) and current/OD accounts. A notable point: the company claimed Rs. 4.08 crore was used to repay an overdraft, but the Monitoring Agency observed the amount was only transferred into the OD account, not actually deployed for repayment. There are no deviations from the stated objects of the issue and no delays in implementation.
This is a routine post-IPO compliance filing and overall a neutral-to-mildly positive signal — the company is on track with its stated plan and unutilized funds are earning healthy interest in FDs. However, retail investors should note the discrepancy flagged by the Monitoring Agency regarding the Rs. 4.08 crore earmarked for borrowing repayment, which appears to be sitting in an OD account rather than actually repaying debt.