DOMS Industries has released its Monitoring Agency Report for the quarter ended September 30, 2025. The report, issued by CRISIL Ratings Limited, confirms that the proceeds from the Initial Public Offer (IPO) are being utilized as disclosed in the offer document. There are no deviations from the stated objectives, and the company remains compliant with SEBI regulations.
IPO Proceeds Utilization
DOMS Industries confirms adherence to the planned utilization of funds raised through its Initial Public Offer (IPO). The monitoring agency, CRISIL Ratings Limited, has issued a report confirming this for the quarter ended September 30, 2025. The report indicates that the IPO proceeds are being applied as outlined in the original offer document.
Key Highlights from the Report
The CRISIL report highlights the following key aspects:
- No Deviations: There are no reported deviations from the objects stated in the offer document.
- Shareholder Approval: No shareholder approval was required during the quarter due to material expenditure deviations.
- Means of Finance: There were no changes to the means of finance for the disclosed objects.
- Statutory Approvals: All government/statutory approvals related to the objects have been obtained.
Progress on Object(s)
The report provides details on the progress of the object(s) to be monitored. The original cost, revised cost, and the amount utilized are detailed as follows:
Part-financing the cost of establishing the Proposed Project
- Original Cost: Rs 2,800.00 million
- Amount Utilized: Rs 1,966.58 million
General Corporate Purposes
- Original Cost: Rs 515.75 million (revised to Rs 527.24 million)
- Amount Utilized: Rs 527.24 million
Deployment of Unutilized Proceeds
As of the end of the quarter, a total of Rs 833.42 million remains unutilized. These funds have been deployed in fixed deposits with various banks, earning interest as follows:
| Bank | Amount Invested (Rs in millions) | Return on Investment (%) |
|---|---|---|
| Axis Bank | 200.00 | 7.40% |
| Axis Bank | 150.00 | 7.40% |
| HDFC Bank | 150.00 | 7.40% |
| Bank of Baroda | 50.00 | 7.75% |
Source: BSE
