Monitoring Agency Report for the quarter ended September 30, 2025.
URBANCO · price
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Urban Company Limited has filed the Monitoring Agency Report from CARE Ratings Limited for the quarter ended September 30, 2025, covering the use of IPO proceeds. The company raised Rs. 472.00 crore through its IPO (open from September 10–12, 2025) planned for technology and cloud infrastructure (Rs. 190 cr), office lease payments (Rs. 75 cr), marketing (Rs. 90 cr), general corporate purposes (Rs. 90.09 cr), and issue expenses (Rs. 26.91 cr). During Q2FY26, no amount was utilised from the IPO proceeds, and the entire Rs. 472 crore remains unutilised. The Monitoring Agency confirmed there is no deviation from the stated objects and no material deviation requiring shareholder approval. The unutilised funds have been temporarily parked in fixed deposits across HDFC Bank, ICICI Bank, and Axis Bank at interest rates of 5.80% to 6.60%, with small balances of Rs. 0.87 crore and Rs. 27.03 crore lying in the Monitoring Account and Public Offer Account, respectively.
Since the IPO closed only on September 12, 2025, zero utilisation in the very first quarter is expected and not a concern. The report confirms full compliance with the stated use of funds, and idle proceeds are earning interest in safe bank deposits, which is positive for shareholders. No immediate effect on stock price is expected from this routine disclosure.