Fractal Analytics Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CARE Ratings Limited, details the utilization of funds raised from the company’s Initial Public Offering (IPO). The net proceeds available for utilization from the fresh issue amounted to Rs. 959.3 crore. During the quarter, the company reported utilization of Rs. 82.1 crore towards the stated objects of the IPO.
Fractal Analytics Submits Monitoring Agency Report
Fractal Analytics Limited has officially released its Monitoring Agency Report for the second quarter of the financial year 2027, which concluded on September 30, 2026. This report, prepared by CARE Ratings Limited, the appointed Monitoring Agency, provides an overview of how the proceeds from the company’s Initial Public Offering (IPO) have been utilized.
IPO Proceeds Utilization Details
The total gross proceeds from the fresh issue amounted to Rs. 1,023.5 crore, with issue expenses totaling Rs. 64.2 crore. This left net proceeds of Rs. 959.3 crore available for utilization by the company towards the objects outlined in its offer document. For the quarter ended September 30, 2026, Fractal Analytics reported the utilization of Rs. 82.1 crore towards these stated objectives. This utilization comprised direct payments as well as reimbursements for expenditure previously incurred by the company and its subsidiaries.
Monitoring Agency’s Findings
The Monitoring Agency’s report confirms that the utilization of IPO proceeds is in line with the disclosures made in the Offer Document. All relevant shareholder approvals have been obtained where necessary. The report also details the progress against specific objects, such as investments in subsidiaries, purchase of laptops, setting up new office premises, and research and development activities. The agency has reviewed various certifications and documents to prepare its report, including the prospectus, CA certificates, and bank statements.
Deployment of Unutilized Proceeds
As of the end of the quarter, unutilized proceeds amounting to Rs. 616.0 crore were invested in various instruments. These include fixed deposits with Axis Bank (Rs. 463.5 crore) and IDFC Bank (Rs. 150.0 crore), alongside a balance in the Axis Bank Public Offer account (Rs. 8.2 crore). The report also touches upon the completion status of various objects, with most projects proceeding as planned or ongoing, and no significant delays noted against the projected timelines.
Objects Under Monitoring
Key objects being monitored include investments in subsidiaries like Fractal USA for debt servicing, purchase of laptops, setting up new office premises in India, and funding research and development, sales, and marketing under Fractal Alpha. Inorganic growth and issue expenses are also tracked. The report indicates that while the investment in Fractal USA is fully utilized, other areas like purchase of laptops saw utilization of Rs. 10.3 crore during the quarter.
Source: BSE
