Monitoring Agency Report for the quarter ended March 31, 2026
URBANCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the monitoring agency, has submitted its report for the quarter ended March 31, 2026, reviewing the utilization of Urban Company's IPO proceeds of Rs. 472 Crores. During Q4, Rs. 40.87 Crores was deployed out of the total IPO corpus, primarily spent on new technology development and cloud infrastructure (Rs. 19.12 Crores), lease payments for offices (Rs. 9.63 Crores), and marketing activities (Rs. 11.92 Crores). The unutilized amount of Rs. 374.66 Crores remains deployed in bank fixed deposits and current accounts. The report confirms no material deviations from the planned use of proceeds as disclosed in the Offer Document, and no major delays in deployment.
This is a routine compliance filing confirming that IPO funds are being deployed as planned. No concerns flagged by the monitoring agency, which is a positive indicator for shareholders that the capital is being utilized as intended.