SSDL Monitoring Agency Report for Q3FY26: IPO Proceeds Utilization Reviewed
Saraswati Saree Depot Limited's Monitoring Agency Report for Q3FY26 confirms IPO proceeds were utilized as planned. The IPO raised ₹1,600.13 million, with ₹906.67 million in net proceeds. Working capital and general corporate purposes are fully utilized. ₹129.07 million spent on issue expenses, with ₹4.23 million remaining.
This is a routine compliance filing as per SEBI regulations and does not contain any new material information that would significantly impact the company's stock or investor decisions.
The report is a routine monitoring agency submission detailing the utilization of IPO proceeds. It confirms that the utilization is in line with the offer document and there are no deviations, which is a neutral outcome.
Saraswati Saree Depot Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025. The report, issued by CRISIL Ratings Limited, confirms the utilization of proceeds from the company's Initial Public Offer (IPO). The report was reviewed by the Audit Committee and the Board of Directors on February 14, 2026.
The IPO, which took place from August 12 to August 14, 2024, raised ₹1,600.13 million (gross proceeds). Of this, ₹1,039.97 million was a fresh issue and ₹560.16 million was an Offer for Sale (OFS). After deducting issue expenses of ₹133.30 million, the net proceeds available for utilization amounted to ₹906.67 million.
The monitoring agency report indicates that the utilization of IPO proceeds was as per the disclosures in the Offer Document. The primary objects of the issue were funding working capital requirements (₹810.00 million) and general corporate purposes (₹96.67 million). As of December 31, 2025, the entire amount allocated for working capital and general corporate purposes has been fully utilized in previous quarters. A sum of ₹129.07 million has been utilized towards issue expenses, with ₹4.23 million remaining unutilized as of the reporting date.
There were no deviations from the stated objects of the issue, nor have there been any material deviations from expenditures disclosed in the Offer Document requiring shareholder approval. The means of finance for the disclosed objects have not changed, and no major deviations were observed compared to earlier monitoring agency reports. All necessary government and statutory approvals related to the objects have been obtained.
What to do with a filing like this
Saraswati Saree Depot 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.
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