Deepak Builders & Engineers India Limited — Others, 14-08-2025: Monitoring Agency Report

Deepak Builders and Engineers India Limited has received the Monitoring Agency Report from Crisil Ratings Limited regarding the utilization of its Initial Public Offer (IPO) proceeds. The report confirms that the company utilized the fresh issue net proceeds of Rs 195.92 Cr for the stated purposes. Funds were fully deployed, with Rs 30.00 Cr used for debt repayment, Rs 111.96 Cr for working capital, and Rs 53.97 Cr for general corporate purposes. Additionally, Rs 20.66 Cr was used for issue expenses. An unutilized balance of Rs 0.62 Cr remains. The report indicates no material deviations from the IPO's stated objectives.