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 Obligations and Disclosure Requirements) Regulations, 2015
STANLEY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stanley Lifestyles Limited has submitted its quarterly monitoring agency report (by ICRA Limited) confirming no material deviation in IPO fund utilization. The company raised INR 200 crore gross (net INR 183.937 crore after revision due to lower issue expenses by INR 2.852 crore). As of March 31, 2026, INR 122.008 crore has been utilized out of INR 183.937 crore, with INR 77.992 crore remaining. Of the unutilized funds, INR 78 crore is deployed in fixed deposits with IndusInd Bank and ICICI Bank earning ~7.7% interest. The company has opened 13 stores so far. No deviation found from the Objects clause of the Prospectus dated June 25, 2024. Anchor stores and renovation of existing stores are slightly behind schedule but expected to be completed by March 2027.
Positive signal for shareholders - the filing confirms proper deployment of IPO proceeds with no misuse or deviation. The unutilized funds are safely parked in bank FDs. The company is on track with its expansion strategy, with only timing delays expected for certain store formats.