Dr. Agarwal’s Health Care Limited’s monitoring agency report for the quarter ending December 31, 2025, confirms that the utilization of funds is in line with the objects of the issue. ₹300 Crore was raised through an IPO. As of December 31, 2025, the total unutilized amount is ₹30.618 Crore. The unutilized funds are invested in fixed deposits with various banks and financial institutions.
Use of IPO Proceeds
The monitoring agency, ICRA Limited, has issued a report on the utilization of IPO proceeds for Dr. Agarwal’s Health Care Limited for Q3 FY2026. The report, dated February 3, 2026, indicates that the IPO proceeds are being utilized as planned.
Financial Overview
The company raised ₹300 Crore through its IPO. Here’s a breakdown of the planned and actual utilization:
Planned vs. Actual Utilization
Fixed Deposit with Axis Bank: Invested amount is ₹5.000 Crore with earning is ₹0.072 Crore.
Fixed Deposit with Yes Bank: Invested amount is ₹7.750 Crore with earning is ₹0.118 Crore.
Fixed Deposit with Union Bank: Invested amount is ₹2.000 Crore with earning is ₹0.042 Crore.
Closing Balance lying in Monitoring a/c as on December 31st 2025 is ₹0.598 Crore.
Closing Balance lying in Escrow as on December 31st 2025 is ₹9.106 Crore.
Total utilized amount is ₹40.593 Crore and earning of ₹0.407 Crore
Utilization of Net Proceeds
Repayment/prepayment, in part or full, of certain of our borrowings, Invested amount is ₹195.000 Crore.
General corporate purposes, Invested amount is ₹77.466 Crore.
Details of General Corporate Purpose
Purchase of medical equipment & consumables: ₹22.783 Crore
Electrical equipment and office equipment (incl. related accessories): ₹2.878 Crore
Projects – Furniture’s & Fixtures (Interior works): ₹12.192 Crore
Consideration paid in respect of Non-compete Agreement entered: ₹0.810 Crore
Deferred payment or consideration in respect of Acquisitions made: ₹23.109 Crore
Refundable security deposit for office premises: ₹0.135 Crore
Total spending: ₹61.907 Crore
Unutilized Funds
As of December 31, 2025, the total unutilized amount from the IPO proceeds is ₹30.618 Crore. These funds have been temporarily invested in fixed deposits with various banks.
Future Outlook
The company confirms that the repayment/prepayment of borrowings and general corporate purposes are on schedule.
Source: BSE
