Monitoring Agency report for the quarter ended March 31, 2026.
WAKEFIT · price
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Wakefit Innovations Limited submitted its Q4FY26 Monitoring Agency Report for both its Pre-IPO placement (Rs. 56 crore in November 2025) and IPO (Rs. 377.178 crore in December 2025). CARE Ratings, the monitoring agency, confirmed zero deviation from stated objects. For the Pre-IPO placement, no funds were utilized during Q4 - the entire Rs. 56 crore remains parked in Axis Bank fixed deposits earning 6.60% returns. For the IPO, only Rs. 10.205 crore was utilized out of Rs. 377.178 crore, with Rs. 366.973 crore still unutilized. The limited utilization was primarily for lease rent payments (Rs. 4.60 crore) and issue expenses (Rs. 5.605 crore). The monitoring agency noted that funds allocated for FY26 lease rent payments for existing COCO stores were not fully utilized as planned. All unutilized IPO proceeds are deployed across HDFC Bank, Yes Bank, and Axis Bank fixed deposits earning 5.70% to 7.00% interest.
Slow IPO proceeds utilization with 97% of funds still unutilized may concern investors expecting faster deployment. The monitoring agency flagged that FY26 lease rent expenditure was behind schedule, though this is permitted under the prospectus. Funds are safely deployed in bank fixed deposits generating modest interest income.