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Indo Farm Equipment has received the Monitoring Agency Report for its IPO proceeds utilization as of June 30, 2025. The report confirms there is nil deviation from the planned use of funds, indicating proper deployment. From the net IPO proceeds of Rs. 168.06 crore, the company has utilized Rs. 99.28 crore for its stated objectives, including working capital and debt repayment. The remaining Rs. 68.78 crore of unutilized net proceeds are currently deployed in Fixed Deposits, earning returns. This update assures investors the company is on track with its fund deployment as per the IPO objectives.