Business Update14 May 2026, 05:51 pm
Brainbees Solutions: Monitoring Agency Report for Mar 2026
AI Summary
Brainbees Solutions Ltd's monitoring agency, ICRA Limited, reported on the utilization of proceeds from the company's public issue for the quarter ended March 31, 2026. The report confirms that the utilization of issuance proceeds aligns with the objects of the issue, with no deviations observed. The issue size was ₹4,193.728 Crore, with net proceeds as per the prospectus being ₹1,601.735 Crore.
Key Highlights
- ICRA Limited is the monitoring agency for Brainbees Solutions.
- No deviation observed in the utilization of issue proceeds.
- Issue size was ₹4,193.728 Crore, excluding OFS portion: ₹1,666.000 Crore.
- Net proceeds as per Prospectus: ₹1,601.735 Crore (Excluding Issue Related Expenses).
- Monitoring based on Statutory Auditor Certificate and bank statements.
Price Impact
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