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 Standard Engineering Technology Limited for Q4 FY2026 (quarter ended March 31, 2026). The company raised INR 410.051 crore through IPO in January 2025, with net proceeds of INR 193.425 crore. Total utilization stands at INR 201.888 crore out of INR 249.995 crore planned, leaving INR 48.107 crore unutilized. Key deployments include full repayment of INR 130 crore in borrowings, INR 20 crore for acquisitions, INR 16.275 crore for IPO expenses, INR 10.863 crore invested in subsidiary S2 Engineering Industry for machinery, and INR 7.718 crore for company's own capital expenditure. The unutilized INR 48.167 crore is parked in Fixed Deposits with HDFC Bank and ICICI Bank. ICRA confirms no deviation from the stated objects of the issue.
The report indicates smooth utilization of IPO proceeds with no deviations, suggesting proper fund deployment as per the prospectus. The INR 48.1 crore unutilized amount is safely deployed in FDs and monitoring accounts, indicating disciplined capital management. Debt repayment and acquisition objectives have been fully met.