Innova Captab Limited — Others, 25-07-2025: Monitoring Agency Report

Innova Captab's IPO proceeds utilization has been fully monitored by CRISIL Ratings. The company successfully used the entire Rs 294.22 Cr net proceeds from its IPO. Key allocations included Rs 144.40 Cr for repaying company loans, Rs 23.60 Cr for subsidiary UML's loan repayment, and Rs 72.00 Cr for working capital needs. The remaining Rs 54.22 Cr, adjusted slightly higher due to lower IPO expenses, was allocated for General Corporate Purposes, covering operational expenses like salaries. No deviations were observed from the original IPO objectives, and all funds are now fully deployed.