Corporate Governance22 Oct 2026, 06:40 pm
Swastika Infra: IPO Proceeds Monitoring Report for Q2 2026
AI Summary
Swastika Infra Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Crisil Ratings Limited, details the utilization of proceeds from the company's Initial Public Offering (IPO). According to the report, all utilization of funds was in line with the disclosures made in the Offer Document. Specifically, proceeds were utilized towards issue expenses. The company's IPO, which took place from September 23 to September 25, 2026, raised ₹10,938.81 lakhs in net proceeds after deducting issue expenses of ₹1,911.19 lakhs from gross proceeds of ₹12,850.00 lakhs.
Key Highlights
- Monitoring Agency Report for IPO proceeds utilization submitted.
- Utilization aligned with Offer Document disclosures.
- Proceeds used for issue expenses.
- Report covers Q2 2026 period.
- Crisil Ratings Limited is the Monitoring Agency.
Price Impact
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