Scoda Tubes Limited — Others, 14-08-2025: Monitoring Agency Report

Scoda Tubes Limited's Monitoring Agency Report for the quarter ended June 30, 2025, from CRISIL Ratings details the use of its Rs 220.00 Cr IPO and Rs 55.00 Cr Pre-IPO funds. This quarter, the company deployed Rs 58.46 Cr from IPO proceeds for capital expenditure, working capital, and general corporate purposes (GCP). Additionally, Rs 8.22 Cr from Pre-IPO funds went towards GCP for administrative costs, civil work, and plant equipment. The report confirms fund utilization is fully aligned with the offer document, with no major deviations or delays. Unutilized IPO funds (Rs 142.27 Cr) and Pre-IPO funds (Rs 10.03 Cr) are securely invested in fixed deposits.