Standard Engineering Technology IPO Proceeds Utilization Report Filed

Standard Engineering Technology Ltd has filed the final Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by ICRA Limited, confirms that there has been no deviation from the objects of the issue, and the utilization of funds is in line with the stated objectives. The IPO, which opened on January 6, 2025, and closed on January 8, 2025, had an issue size of INR 410.051 Crore. The net proceeds as per the prospectus were INR 193.425 crore. ICRA Limited acted as the Monitoring Agency as per the agreement dated December 27, 2024.