DOMS Industries has released its Monitoring Agency Report for the quarter ending December 31, 2025. The report, prepared by CRISIL Ratings Limited, indicates that the proceeds from the Initial Public Offer (IPO) are being utilized as per the disclosures in the offer document. No deviations or major issues were observed during the monitoring period.
IPO Proceeds Utilization Update
DOMS Industries announced the findings of the Monitoring Agency Report for Q3 2026 (quarter ended December 31, 2025). The report, conducted by CRISIL Ratings Limited, assesses the utilization of funds raised through the company’s Initial Public Offer (IPO).
Key Report Findings
The monitoring agency confirmed that all proceeds have been utilized in line with the objectives outlined in the Offer Document. Some key observations from the report include:
- No deviations from the stated objects of the IPO.
- Shareholder approval was not required as there were no material deviations from disclosed expenditures.
- The means of finance for the disclosed objects of the issue remains unchanged.
- All government and statutory approvals have been obtained for the relevant objects.
Financial Details
The IPO issue size was ₹12,000 million, comprising fresh issuance of ₹3,500 million and an offer for sale of ₹8,500 million. As of December 31, 2025, ₹3,073.04 million has been utilized, leaving an unutilized amount of ₹254.20 million. This amount is held primarily in fixed deposits and monitoring accounts.
Allocation of Proceeds
The IPO proceeds are primarily allocated towards two key objectives:
- Part-financing the cost of establishing the Proposed Project: An initial allocation of ₹2,800.00 million remains unchanged.
- General Corporate Purposes: The allocated amount is ₹527.24 million.
Deployment of Unutilised Proceeds
As of the end of the quarter, unutilized funds were invested in fixed deposits with Bank of Baroda and Axis Bank, generating earnings. The returns on these investments ranged from 5.40% to 7.75%. Total Earnings as at quarter ended December 31, 2025 was ₹5.03 million.
Source: BSE
