Deepak Builders & Engineers India Limited — Others, 15-05-2025: Monitoring Agency Report

Deepak Builders & Engineers India Limited has announced a Monitoring Agency Report by Crisil Ratings on the use of its IPO proceeds. The company raised Rs 217.21 Cr through the IPO, with net proceeds of Rs 195.92 Cr allocated mainly to working capital (Rs 111.96 Cr), loan repayment (Rs 30 Cr), and general corporate purposes (Rs 53.97 Cr). By quarter-end, Rs 186.22 Cr was utilized, with slight delays in loan repayment and corporate spending due to lender discussions and management decisions. Remaining funds are held in fixed deposits.