OnEMI Technology Solutions Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, prepared by CRISIL Ratings Limited, details the utilization of funds raised through the company’s Initial Public Offer (IPO). It confirms that the proceeds were utilized in line with the disclosures made in the Offer Document, specifically towards augmenting the capital base of its subsidiary, Si Creva Capital Services Private Limited, and for general corporate purposes.
OnEMI Technology Solutions Submits IPO Fund Utilization Report
OnEMI Technology Solutions Limited, formerly known as OnEMI Technology Solutions Private Limited, has formally submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, mandated under SEBI regulations, provides an overview of how the funds raised through the company’s Initial Public Offer (IPO) have been utilized.
CRISIL Ratings Monitors Fund Utilization
The report has been prepared by CRISIL Ratings Limited, acting as the appointed Monitoring Agency. The company has complied with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, by enclosing this report. The findings confirm that the utilization of IPO funds aligns with the objects detailed in the Offer Document.
Key Utilization Details
For the quarter ended September 30, 2026, the IPO proceeds were utilized towards augmenting the capital base of the subsidiary, Si Creva Capital Services Private Limited, and for general corporate purposes, including but not limited to capital expenditure, investment in IT infrastructure, business development, and administrative expenses. The report indicates that the utilization of funds was within the approved limits and in accordance with the company’s disclosures.
Financial Highlights
- Gross Proceeds of Fresh Issue: Rs. 8,500.00 million
- Issue Expenses: Rs. 559.15 million
- Net Proceeds: Rs. 7,940.85 million
The report further details that the funds were deployed for augmenting the capital base of the subsidiary, Si Creva Capital Services Private Limited, to meet its future capital requirements. A portion was also allocated to general corporate purposes. The report confirms that there were no deviations observed in the utilization of funds compared to the objects stated in the offer document.
Source: BSE
