Meesho Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CRISIL Ratings Limited, confirms that the proceeds raised from the company’s Initial Public Offer (IPO) have been utilized in line with the objects disclosed in the offer document. Key areas of utilization include cloud infrastructure, salary payments, marketing initiatives, and general corporate purposes.
Meesho Limited Submits IPO Fund Utilization Report
Meesho Limited has officially filed its Monitoring Agency Report for the quarter that concluded on September 30, 2026. This report details the utilization of funds raised through the company’s Initial Public Offer (IPO).
CRISIL Ratings Confirms Fund Deployment
The report, prepared by CRISIL Ratings Limited, acting as the Monitoring Agency, indicates that the company has adhered to the disclosed objects of the issue. The allocated funds have been deployed across several key areas, including:
- Cloud infrastructure expenses
- Salary payments to employees
- Marketing and brand initiatives
- General corporate purposes
- Issue expenses
The report confirms that the utilization of proceeds is in line with the disclosures made in the Offer Document, providing transparency to investors regarding the deployment of capital raised during the IPO.
Financial Overview of Fund Utilization
As of September 30, 2026, the total gross proceeds from the IPO amounted to Rs 42,500.00 million. After deducting issue expenses of Rs 1,478.74 million, the net proceeds stood at Rs 41,021.26 million. The report provides a detailed breakdown of the utilized amounts against the original and revised costs for each object, showing no major deviations and generally aligning with estimates.
Unutilized Proceeds
A portion of the proceeds remains unutilized and has been invested in various instruments. As of September 30, 2026, the market value of these investments was Rs 21,645.73 million, reflecting prudent management of surplus funds.
The company has also confirmed that it is in compliance with the disclosure requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Source: BSE
