Shringar House of Mangalsutra Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by CRISIL RATINGS LIMITED, details the utilization of proceeds from the company's Initial Public Offer (IPO). The Audit Committee reviewed the statement on May 06, 2026. The IPO, which occurred between September 9-12, 2025, had an issue size of ₹4,009.20 million. The net proceeds after issue expenses amounted to ₹3,613.57 million. Of this, ₹2,800.00 million was allocated for funding working capital requirements and ₹813.57 million for General Corporate Purposes (GCP). The company utilized ₹388.54 million towards issue expenses, with ₹7.09 million remaining unutilized as of March 31, 2026, held in the company's Public Offer Account with Axis Bank. The report confirms that all utilization is as per the disclosures in the Offer Document and there are no material deviations or delays in the implementation of the objects. The company has also revised its net proceeds from ₹3,588.79 million to ₹3,613.57 million due to lower-than-estimated issue expenses, with the surplus of ₹24.78 million added to the GCP cost.
