Monitoring Agency Report and Statement of Deviation or Variation, if any, in the utilization of IPO funds for the quarter ended 31st March 2026 under Regulation 32(1) of the SEBI (Listing ....
STANLEY · price
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Stanley Lifestyles Limited filed its Q4 FY2026 monitoring agency report confirming no material deviation in IPO fund utilization. The company raised INR 200 crore (net INR 183.94 crore after lower issue expenses) in June 2024 IPO. As of March 31, 2026, INR 122.01 crore has been utilized against INR 90.13 crore planned for new stores (13 stores opened), INR 1.20 crore against INR 10.04 crore for store renovations, and INR 6.66 crore fully utilized for machinery. Anchor store expansion of INR 39.99 crore remains entirely unutilized with expected completion by March 2027. The unutilized INR 78 crore is deployed in fixed deposits with IndusInd Bank and ICICI Bank earning INR 10.34 crore.
Positive signal for shareholders - ICRA confirms fund utilization is on track with no material deviations. Minor delays in anchor store rollout are expected to be resolved by FY2027. The IPO remains on schedule overall.