Dr. Agarwal's Health Care Limited — Others, 14-08-2025: Monitoring Agency Report

Dr. Agarwal's Health Care Limited (AGARWALEYE) has received its IPO Monitoring Agency Report from ICRA Limited for the quarter ended June 30, 2025. The report confirms that the utilization of the Rs. 300.00 Crore IPO proceeds is fully in line with the stated objectives, with no deviations or delays observed. The company fully utilized Rs. 195.00 Crore for debt repayment, Rs. 49.66 Crore for general corporate purposes, including medical equipment, office assets, and acquisitions, and Rs. 12.34 Crore for issue expenses. The remaining Rs. 43.00 Crore unutilized IPO funds are held in fixed deposits and bank accounts, demonstrating sound financial management of the public offering.