Monitoring Agency Report for the quarter ended March 31, 2026
URBANCO · price
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CARE Ratings Limited, the monitoring agency, has submitted its report on the utilization of Urban Company's IPO proceeds of Rs. 472 crore for the quarter ending March 31, 2026. The IPO was conducted in September 2025. As of Q4 FY26, Rs. 97.34 crore (about 20.6%) has been utilized out of the total issue size. The largest allocation of Rs. 190 crore is for technology and cloud infrastructure development, with Rs. 19.12 crore spent so far. Marketing activities (Rs. 90 crore budgeted) saw Rs. 11.92 crore spent, and Rs. 24.75 crore has been used for issue expenses. The unutilized Rs. 374.66 crore is deployed in fixed deposits and liquid funds. No material deviations from the offer document objectives were observed.
This is a standard regulatory compliance filing confirming that IPO funds are being deployed as planned with no major deviations. The slow utilization rate (~20%) is normal for a fresh IPO and the funds are safely parked in fixed deposits. This filing should have no immediate impact on the stock price.