SS Retail Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CRISIL Ratings Limited, details the utilization of proceeds from the company’s Initial Public Offer (IPO). Funds were utilized towards working capital, general corporate purposes, and capital expenditure for new store setups.
Monitoring Agency Report Filed for Q3 2026
SS Retail Limited has officially submitted its Monitoring Agency Report for the financial quarter concluding on September 30, 2026. This submission is a regulatory requirement pursuant to SEBI guidelines concerning the utilization of funds raised through the company’s Initial Public Offer (IPO).
Key Findings on Fund Utilization
The report, prepared by CRISIL Ratings Limited, indicates that the IPO proceeds have been deployed across several key areas. A significant portion was allocated towards working capital requirements, essential for the ongoing operations and inventory management of the company’s retail stores. Additionally, funds were utilized for general corporate purposes, which include expenses such as salaries, employee welfare, administration, and maintenance.
Furthermore, the proceeds are being directed towards capital expenditure for the establishment of new retail outlets. Specifically, the company is investing in the setup of new stores planned for FY 2027 and FY 2028. The total allocated amount for these objectives is detailed within the report, providing a transparent view of how the capital raised is being deployed to foster business growth and operational efficiency.
Financial Overview of Proceeds
The report highlights the gross proceeds from the fresh issue amounted to Rs. 3,600.00 million. After deducting issue expenses of Rs. 264.45 million, the net proceeds available for utilization stood at Rs. 3,335.55 million. The report confirms that the utilization aligns with the disclosures made in the Offer Document.
The company’s total utilization of IPO proceeds for the quarter was Rs. 1,399.31 million, leaving an unutilized amount of Rs. 1,936.24 million. These unutilized funds are primarily held in various fixed deposit instruments across different banks.
Source: BSE
