Corporate Governance6 Nov 2026, 01:42 pm
Honasa Consumer: No Deviation in IPO Fund Utilization for Q3 2026
AI Summary
Honasa Consumer Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by ICRA Limited. The report confirms that there has been no deviation in the utilization of the Initial Public Offer (IPO) proceeds. The utilization of funds is in line with the objects of the issue as disclosed in the Offer Document. The company's IPO, which closed on November 02, 2023, raised INR 1,701.44 Crore. The net proceeds amounted to INR 350.492 Crore after issue-related expenses. This report is a regulatory requirement under SEBI regulations.
Key Highlights
- No deviation observed in IPO fund utilization for the quarter ended September 30, 2026.
- Utilization of proceeds aligns with the stated objects of the issue.
- ICRA Limited, the Monitoring Agency, has issued the report.
- The company's IPO raised INR 1,701.44 Crore.
- Report submitted as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
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