SETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has submitted the final Monitoring Agency Report for Q4 FY2026 (quarter ended March 31, 2026) for Standard Engineering Technology Limited's IPO. The IPO raised INR 410.051 crore (net proceeds of INR 193.425 crore as per prospectus). No deviation was observed in the utilization of issue proceeds - all spending is in line with the disclosed objects. Total utilization stands at INR 201.888 crore with INR 48.107 crore remaining unutilized. Key utilization includes: INR 130 crore fully deployed for debt repayment, INR 20 crore for inorganic growth (fully utilized), INR 10.86 crore invested in subsidiary S2 Engineering Industry, INR 7.72 crore for capital expenditure, and INR 17.03 crore for general corporate purposes. The unutilized INR 48.107 crore is deployed in Fixed Deposits with HDFC Bank and ICICI Bank earning interest of INR 0.953 crore.
Positive signal for investors - ICRA confirms all IPO proceeds are being utilized as per the offer document with no deviations or unfavorable events reported. The company has already fully deployed funds for debt repayment and acquisition plans, indicating execution is on track.