Quarterly Updates14 Oct 2026, 06:40 pm
Billionbrains Garage Ventures: IPO Fund Utilization Report Q2 FY27
AI Summary
Billionbrains Garage Ventures Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CRISIL Ratings Limited, details the utilization of funds raised through the company's Initial Public Offer (IPO). The IPO, which occurred between November 4-7, 2025, raised ₹1,060.00 crore in gross proceeds, resulting in net proceeds of ₹1,015.98 crore after issue expenses. The report confirms that there were no deviations from the stated objects of the issue for the specified quarter. The company has also uploaded this information on its website, www.groww.in.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- Details IPO fund utilization as per SEBI regulations.
- CRISIL Ratings Limited is the appointed Monitoring Agency.
- No deviation from IPO objects reported for the quarter.
- IPO raised ₹1,060 crore in gross proceeds.
Price Impact
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