OnEMI Technology Solutions Limited: Monitoring Agency Report for IPO Funds Utilization (Q1 FY27)
OnEMI Technology Solutions Limited's Monitoring Agency Report for Q1 FY27 shows IPO proceeds utilization. Gross proceeds were ₹8,500 million (₹850 crore), with ₹7,725.04 million (₹772.504 crore) utilized by June 30, 2026. ₹6,368.03 million (₹636.803 crore) was infused into subsidiary Si Creva for lending. Unutilized funds total ₹774.96 million (₹77.496 crore).
This is a standard regulatory filing for IPO fund utilization. It does not contain new financial performance data or strategic announcements that would significantly impact the company's valuation or operations.
The report is a routine monitoring agency submission detailing IPO fund utilization, with no significant positive or negative deviations or events. It confirms that funds were utilized as per disclosures.
OnEMI Technology Solutions Limited (formerly known as OnEMI Technology Solutions Private Limited) has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. This report, issued by CRISIL Ratings Limited, details the utilization and application of funds raised through the company's Initial Public Offer (IPO).
The IPO, which had an issue period from April 30, 2026, to May 05, 2026, raised gross proceeds of ₹8,500 million (₹850 crore). After deducting issue expenses of ₹559.15 million (₹55.915 crore), the net proceeds amounted to ₹7,940.85 million (₹794.085 crore).
The primary objects for which the funds were raised include augmenting the capital base of its subsidiary, Si Creva Capital Services Private Limited, to meet future capital requirements, and for general corporate purposes. The original cost for augmenting the subsidiary's capital base was ₹6,375 million (₹637.5 crore), and for general corporate purposes, it was ₹1,565.85 million (₹156.585 crore).
During the quarter ended June 30, 2026, a total of ₹7,725.04 million (₹772.504 crore) of the IPO proceeds have been utilized. Specifically, ₹7,454.00 million (₹745.4 crore) was utilized towards the objects of the issue, and ₹271.04 million (₹27.104 crore) for issue expenses. The total unutilized amount stands at ₹774.96 million (₹77.496 crore).
Of the utilized amount, ₹6,368.03 million (₹636.803 crore) was infused into Si Creva Capital Services Private Limited for onward lending. The remaining ₹6.97 million (₹0.697 crore) lies as a balance in the subsidiary's current accounts. For general corporate purposes, ₹1,085.97 million (₹108.597 crore) was utilized, with ₹479.88 million (₹47.988 crore) remaining unutilized. Issue expenses utilized were ₹271.04 million (₹27.104 crore), with ₹288.11 million (₹28.811 crore) unutilized.
The unutilized proceeds are deployed in fixed deposits and balances in various company and subsidiary bank accounts. Three fixed deposits totaling ₹300 million (₹30 crore) have maturity dates in July 2026. The total unutilized amount of ₹774.96 million (₹77.496 crore) includes ₹300 million (₹30 crore) in fixed deposits and the rest in various current and monitoring accounts.
What to do with a filing like this
OnEMI Technology Solutions Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by OnEMI Technology Solutions Limited. Read the original for the full detail.