Regulatory20 Apr 2026, 08:31 pm
Billionbrains Garage Ventures IPO Fund Utilization Report Filed
AI Summary
Billionbrains Garage Ventures Ltd has filed its Monitoring Agency Report for the quarter ended March 31, 2026, issued by CRISIL Ratings Limited. The report, prepared as per SEBI regulations, confirms the utilization of funds raised through the company's Initial Public Offer (IPO). The report indicates no deviation from the IPO's stated objectives. The IPO, which occurred between November 4-7, 2025, raised gross proceeds of ₹10,600 million, with net proceeds of ₹10,159.84 million after accounting for issue expenses.
Key Highlights
- CRISIL Ratings report on IPO fund utilization for Q4 FY26 filed.
- No deviation from IPO objectives reported.
- IPO raised ₹10,600 million in gross proceeds.
- Net proceeds after expenses were ₹10,159.84 million.
- Report submitted as per SEBI ICDR Regulations.
Price Impact
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