Monitoring Agency Report for quarter ended June 30, 2025
VENTIVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ventive Hospitality has submitted the Crisil Ratings Limited monitoring report on IPO proceeds for Q1 FY26 (quarter ended June 30, 2025). The company raised Rs 16,000 million through its IPO held in December 2024, with net proceeds of Rs 15,194.56 million after issue expenses of Rs 805.44 million. Of this, Rs 14,000 million earmarked for repayment of borrowings of the company and step-down subsidiaries was fully utilized (completed by March 31, 2025). General corporate purposes funds of Rs 1,194.56 million were also fully utilized, with Rs 185 million used during the quarter for additional subsidiary loan repayments. Issue expenses stood at Rs 759.51 million utilized, leaving Rs 45.93 million unutilized and parked in the public issue account. The report confirms no deviation from stated objects, no delays, and no adverse events affecting the issue.
Positive for shareholders — the company has used nearly all IPO proceeds (Rs 15,954.07 million of Rs 16,000 million) in line with the stated plan, primarily to deleverage, which may improve interest costs and balance sheet strength. The remaining Rs 45.93 million in the public issue account is small and poses no material concern.