Honasa Consumer Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by ICRA Limited, confirms that the utilization of the Initial Public Offering (IPO) proceeds is in line with the objects of the issue, with no deviation observed. The company’s disclosure will be hosted on its website, providing transparency to stakeholders.
Honasa Consumer Limited: Monitoring Agency Report
Honasa Consumer Limited has officially released its Monitoring Agency Report for the financial quarter concluding on June 30, 2026. This report, prepared by ICRA Limited, provides assurance regarding the company’s adherence to the utilization of funds raised through its Initial Public Offering (IPO).
Key Findings: No Deviation in Fund Utilization
The central finding of the report is the confirmation of no deviation in the use of IPO proceeds. According to the report, the funds raised have been utilized strictly in accordance with the objectives outlined in the offer document. This aspect is critical for investor confidence, indicating responsible financial management and transparency.
Report Details and Accessibility
The Monitoring Agency Report is being submitted to the relevant authorities as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report confirms that the utilization of the issuance proceeds is in line with the objects of the issue. Honasa Consumer Limited has also stated that this disclosure will be made available on the company’s official website, www.honasa.in, ensuring broad accessibility for all stakeholders.
Issuer and Monitoring Agency Information
The issuer is Honasa Consumer Limited, with its shares listed on both the National Stock Exchange (NSE) under the symbol HONASA and the BSE Limited under Scrip Code 544014. The monitoring agency responsible for this report is ICRA Limited.
Details of Issue and Fund Utilization
The IPO was an Initial Public Offer of equity shares, with an issue size of INR 1,701.44 Crore. The net proceeds, after excluding issue-related expenses, amounted to INR 350.492 Crore. The report details the allocation of these funds across various objectives, including advertisement expenses, capital expenditure for setting up new EBOs, investment in subsidiaries, and general corporate purposes. For the quarter ended June 30, 2026, the total utilized amount was INR 320.835 Crore, with a total unutilized amount of INR 29.657 Crore.
Significant unutilized proceeds are held in fixed deposits and bank balances, earning a return on investment, with the total market value as at the end of the quarter standing at INR 29.970 Crore.
Implementation of Objects
The report also confirms that the implementation of the objects is on schedule. For instance, advertisement expenses are slated for completion between FY24 – FY27, capital expenditure for new EBOs between FY25 – FY27, and investment in subsidiaries for setting up new salons between FY25 – FY27. General corporate purposes are also within the timeline of FY24 – FY27.
Source: BSE
