Regulatory14 Aug 2026, 06:45 pm
Saraswati Saree Depot IPO Proceeds Monitoring Report Filed
AI Summary
Saraswati Saree Depot Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CRISIL Ratings Limited. The report, reviewed by the Audit Committee and Board on August 14, 2026, confirms that the utilization of Initial Public Offer (IPO) proceeds is in line with the disclosures made in the Offer Document. The IPO, which occurred between August 12-14, 2024, raised Rs 1,600.13 million, comprising a fresh issue of Rs 1,039.97 million and an Offer for Sale (OFS) of Rs 560.16 million. Net proceeds after issue expenses amounted to Rs 906.67 million.
Key Highlights
- Monitoring Agency Report for Q4 FY26 filed by Saraswati Saree Depot.
- CRISIL Ratings confirms IPO proceeds utilization aligns with Offer Document.
- IPO raised Rs 1,600.13 million, with Rs 906.67 million in net proceeds.
- Report reviewed by Audit Committee and Board on August 14, 2026.
Price Impact
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