Anant Raj Limited’s monitoring agency report for the quarter ended December 31, 2025, indicates that issue proceeds are being utilized as planned. A total of ₹296.98 crore has been utilized out of the ₹1,100 crore raised through Qualified Institutional Placement (QIP). The funds were primarily used for investments in subsidiaries, construction projects, and debt repayment.
QIP Proceeds Utilization
Anant Raj Limited raised ₹1,100 crore through a Qualified Institutional Placement (QIP). As of December 31, 2025, the company has utilized ₹296.98 crore from the QIP proceeds. The net proceeds available for utilization amounted to ₹1072.20 crore after deducting expenses related to the IPO issue.
Use of Funds
The QIP proceeds were allocated for various purposes. Here’s a breakdown:
- Investment in subsidiary for funding the development of data centers: ₹27.98 crore
- Funding the construction of certain ongoing and proposed projects: ₹5.91 crore
- Acquisition of land or land development rights: ₹17.73 crore
- Repayment/pre-payment of outstanding borrowings: ₹125.00 crore
- General corporate purposes: ₹95.87 crore
- Issue Expenses: ₹24.49 crore
Subsidiary Investment: Data Centers
A significant portion of the utilized funds, ₹27.98 crore, was invested in Anant Raj Cloud Private Limited, a subsidiary of Anant Raj Limited, to support the development and maintenance of data centers and cloud infrastructure. The total investment proposed for this purpose is ₹175.00 crore.
Construction Projects
The company allocated ₹5.91 crore towards funding construction projects, including developments at Ashok Estate and Anant Raj Centre. Total amount proposed for construction is ₹164.40 crore.
Land Acquisition
₹17.73 crore has been utilized towards acquisition of land or land development rights. This amount accounts for advances paid to various parties in connection with property acquisition. Total funds earmarked for acquisition is ₹185.00 crore
Debt Repayment
The company allocated ₹125.00 crore towards repayment and pre-payment of certain outstanding borrowings of the Company and its subsidiaries. This included a full closure of a loan of ₹54.83 crore on October 23, 2025, and a part repayment of ₹70.17 crore on October 28, 2025.
General Corporate Purposes
The Company has utilized ₹95.87 crore towards General Corporate Purposes (GCP) for the quarter ended December 2025.
Fixed Deposits
The company has invested in fixed deposits with various maturity dates. A closing balance is held in SBI account. Funds for CC limit remains unutilized at ₹3 crore.
Source: BSE
