Gujarat Kidney And Superspeciality Limited has submitted its Monitoring Agency Report, prepared by Brickwork Ratings India Private Limited, detailing the utilization of funds raised through its Initial Public Offer (IPO). The report covers the quarter ended September 30, 2026, indicating how the company is applying the proceeds from its fresh issue of equity shares, which aggregated to ₹250.80 Crore.
Gujarat Kidney And Superspeciality Limited Reports on IPO Fund Utilization
Gujarat Kidney And Superspeciality Limited has formally submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, prepared by Brickwork Ratings India Private Limited, outlines the utilization and application of funds raised through the company’s Initial Public Offer (IPO). The disclosure is made in compliance with SEBI Listing Regulations.
Key Details of the Report
The company raised a total of ₹250.80 Crore through a Fresh Issue of Equity Shares. The Monitoring Agency Report, as per SEBI regulations, scrutinizes the deployment of these funds against the stated objects in the offer document. Brickwork Ratings India Private Limited has provided an independent assessment of the fund utilization for the specified quarter.
The report indicates that all utilization is as per the disclosures in the Offer Document, with no material deviations requiring shareholder approval. Furthermore, the means of finance for the disclosed objects have not changed, and there have been no major deviations observed over earlier monitoring reports. All necessary Government/statutory approvals related to the objects have been obtained, and relevant arrangements are in operation.
Object-Wise Fund Deployment
The report details the progress of various objects for which funds were raised. Key areas of deployment include proposed acquisitions, part-payments for existing acquisitions, funding capital expenditure for new hospitals, acquisition of robotics equipment, and repayment of borrowings. For the quarter ending September 30, 2026, the unutilized amount was reported across several categories, with specific progress noted for each object.
Notably, the report highlights the deployment of unutilized issue proceeds into fixed deposits and current accounts for ongoing project funding. The company has also detailed the implementation status of its various IPO objects, with most categories marked as ‘Completed’ or ‘Ongoing’ within their respective financial year timelines.
The information will also be made available on the company’s website at www.gujaratsuperspecialityhospital.com.
Source: BSE
