Business Update15 May 2026, 05:11 pm
Stanbik Agro IPO Proceeds Utilisation Monitored
AI Summary
Brickwork Ratings India Private Limited, the monitoring agency, has issued its report for the quarter ended March 31, 2026, regarding the utilization of proceeds from Stanbik Agro Limited's Initial Public Offer (IPO). The report, prepared as per SEBI regulations, indicates no deviations from the stated objectives of the IPO, which raised ₹12.28 Crores through the fresh issue of equity shares. The monitoring agency declares no conflict of interest and confirms the report provides a true and fair view based on information provided by the issuer.
Key Highlights
- Monitoring report confirms no deviation from IPO objectives.
- IPO raised ₹12.28 Crores through fresh equity issue.
- Brickwork Ratings declares no conflict of interest.
- Report based on issuer-provided information deemed accurate.
- Final issue size revised to 40,94,000 equity shares due to allotment.
Price Impact
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