Saraswati Saree Depot Limited — Others, 15-05-2025: Monitoring Agency Report

Saraswati Saree Depot Ltd. has announced a Monitoring Agency Report from Crisil Ratings on its IPO proceeds utilization. The company raised Rs 160.01 Cr in its IPO, with net fresh issue proceeds of Rs 90.67 Cr mainly allocated to working capital and corporate purposes. As of the quarter end, Rs 90.61 Cr has been used largely as planned, with minor delays in corporate spending to be adjusted next year. About Rs 1.18 Cr remains unutilized and parked securely. Issue expenses of Rs 12.77 Cr have mostly been incurred, with no deviations in fund usage.