Monitoring Agency Report for the quarter ended March 31, 2026.
TATACAP · price
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CARE Ratings Limited, as Monitoring Agency, submitted its quarterly report on Tata Capital's IPO proceeds utilization for Q4 FY26. The IPO raised Rs. 15,512 crore in October 2025, comprising a fresh issue of Rs. 6,846 crore and an offer for sale of Rs. 8,666 crore. Of the fresh issue proceeds, Rs. 5,200 crore was used for repayment of borrowings and Rs. 1,497 crore for onward lending, totaling Rs. 6,766 crore utilized as of March 31, 2026. Rs. 80 crore remains unutilized (from the Rs. 149 crore allocated for issue expenses), held in the Public Issue Account with ICICI Bank. The Monitoring Agency confirmed no deviations from the objects disclosed in the Offer Document and no material changes to the means of finance.
This is a positive regulatory compliance filing confirming IPO funds were deployed as promised with no deviations. The Rs. 80 crore unutilized portion is normal timing difference for residual issue expenses and poses no concern for investors.