Announcement under Regulation 30(LODR)- Monitoring Agency Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tipco Engineering India Ltd has submitted its first Monitoring Agency Report for their SME IPO, conducted by CARE Ratings Limited. The company raised Rs. 48.49 crore through an IPO that closed on March 25, 2026. For Q4FY26 (quarter ending March 31, 2026), the report shows NIL utilization of IPO proceeds, with all Rs. 48.49 crore remaining unutilized and parked in an ICICI Bank Public Offer Account. The planned use of proceeds includes repayment of borrowings (Rs. 30 crore), working capital (Rs. 7.66 crore), general corporate purposes (Rs. 4.65 crore), and issue expenses (Rs. 6.18 crore). CARE Ratings confirmed zero deviation from the stated objects and no material issues, with full deployment expected by FY27.
The nil utilization in Q4FY26 is expected since the IPO allotment was completed on March 27, 2026, leaving minimal time for deployment in that quarter. The clean monitoring report with zero deviations provides reassurance to investors that IPO funds are safely parked and being held pending planned utilization. Shareholders can expect fund deployment to begin in FY27 as per the offer document timeline.