Scoda Tubes: Monitoring Agency Report for IPO Proceeds (June 2026)

Scoda Tubes Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The filing confirms that the monitoring agency has reviewed the utilization of IPO proceeds in relation to the objects of the issue. No deviations from the stated objects were reported for the quarter. The IPO, which was a fresh issuance, raised Rs 2,200.00 million, with net proceeds of Rs 1999.93 million after deducting issue expenses.