VPRPL · price
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Awaiting price reaction for this filing.
Crisil Ratings Limited has submitted the final Monitoring Agency Report for VPRPL's IPO proceeds for the quarter ended March 31, 2025. The company raised Rs 3,086.10 million (gross) / Rs 2,796.26 million (net) through its IPO in August 2023. As of March 31, 2025, the entire net proceeds of Rs 2,796.26 million have been fully utilized across the stated objects: Rs 443.07 million for capital equipment, Rs 135.75 million for additional equipment (added via shareholder approval), Rs 42.95 million for term loan repayment (added via shareholder approval), Rs 1,500 million for working capital, and Rs 674.49 million for general corporate purposes. During Q4 FY25, Rs 67.64 million was deployed to complete the remaining capital expenditure. Shareholders had approved a variation in September 2024 to reallocate funds within Object 1, adding two new sub-categories without changing the total allocation. No major deviations, delays, or unfavorable events were reported.
This is a routine positive disclosure confirming that all IPO money has been deployed as planned. With no unutilized funds remaining and no adverse findings, the stock should see no material reaction. The shareholder-approved reallocation within Object 1 was minor and kept the total budget unchanged.