SSDL NSE filing

SSDL Q4FY26 Monitoring Agency Report: IPO Proceeds Fully Utilized

The RealCase readLow impact Neutral

Saraswati Saree Depot Limited's IPO proceeds of ₹103.997 crore are fully utilized as of June 30, 2026. Funds were allocated to working capital and general corporate purposes. CRISIL Ratings issued the final Monitoring Agency Report confirming full utilization with no material deviations.

Why it matters

This is a standard post-IPO compliance report confirming the utilization of funds. It does not introduce new financial performance information or significant strategic changes that would materially impact the company's stock or investor outlook.

The market read

The announcement is a routine regulatory filing providing an update on the utilization of IPO proceeds. It confirms that the funds have been used as planned, with no significant positive or negative developments.

Saraswati Saree Depot Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CRISIL Ratings Limited, confirms the utilization of proceeds from the company's Initial Public Offer (IPO).

The company has fully utilized the gross proceeds of ₹103.997 crore (₹1,039.97 million) raised through the IPO. The utilization included ₹81 crore (₹810 million) for funding working capital requirements and ₹9.67 crore (₹96.72 million) for general corporate purposes. A total of ₹13.33 crore (₹133.30 million) was allocated for issue expenses, with ₹13.325 crore (₹133.25 million) actually incurred.

During the quarter, ₹0.05 crore (₹0.05 million) was utilized towards working capital for raw material purchases under general corporate purposes. The total unutilized amount as of the end of the quarter was negligible, amounting to ₹0.02 crore (₹0.02 million) primarily for professional fees related to issue expenses. There were no material deviations from the objects disclosed in the Offer Document, and no shareholder approval was required for any deviations.

This report marks the final Monitoring Agency report from CRISIL Ratings for the IPO proceeds, as the entire gross proceeds have been utilized.

Filing to action

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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Primary source

A plain-language summary of a public exchange filing by Saraswati Saree Depot Limited. Read the original for the full detail.

View original filing