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Monika Alcobev LtdImportant, 08-05-2026: Company Update

08-05-2026 · 08:59 pm

Monika Alcobev Limited's Monitoring Agency Report on IPO fund utilization confirms no deviation from the stated objects for the recent half-year period. The company successfully raised INR 137.03 Cr through its Initial Public Offer. Of this, INR 131.03 Cr has been utilized as planned towards funding working capital, repaying borrowings, general corporate expenses, and issue expenses. The remaining INR 6.00 Cr in unutilized funds is strategically placed in Fixed Deposits with IndusInd Bank, continuing to generate earnings for the company.

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