Monitoring Agency Report for the Quarter ended 30th September 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Star Imaging and Path Lab has submitted its first Monitoring Agency Report (by Infomerics Valuation and Rating) for the quarter ended September 30, 2025, covering the use of IPO proceeds. The company raised Rs. 55.66 crore via fresh issuance (price Rs. 142/share) in August 2025, with net proceeds of Rs. 49.67 crore. During the quarter, Rs. 17.38 crore was deployed: Rs. 12 crore for full repayment of term loans (Axis, HDFC, ICICI, Kotak), Rs. 4.84 crore for working capital, and Rs. 0.54 crore for general corporate purposes (repayment of an unsecured loan). The remaining Rs. 32.29 crore is parked in HDFC Bank FDs (earning 6.15%) and a Standard Chartered current account. The report confirms no deviation from stated objects, no change in means of finance, and no material issues, though the Rs. 5.14 crore earmarked for refurbished medical equipment has not been utilised yet.
A clean, on-track Monitoring Agency Report is a positive signal for shareholders, showing IPO funds are being deployed as promised. The completed loan repayment strengthens the balance sheet, while unutilised proceeds earning interest are a neutral-to-positive. Watch item: the equipment capex at the Najafgarh centre has not begun, which is normal for a recent IPO but worth tracking.