Tata Capital Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, prepared by CARE Ratings Limited, details the utilization of proceeds raised from its Initial Public Offering (IPO). The company confirms that proceeds were utilized in line with the disclosures in the offer document, with 99.6% of the funds already deployed towards its stated objectives.
Monitoring Agency Report Filed
Tata Capital Limited has officially submitted its Monitoring Agency Report to the stock exchanges for the quarter that concluded on September 30, 2026. This report provides an update on the utilization of funds raised through the company’s Initial Public Offering (IPO).
Key Findings from the Report
The report, prepared by the Monitoring Agency, CARE Ratings Limited, indicates that the utilization of IPO proceeds is largely in line with the objectives stated in the offer document. Out of the total fresh issue aggregating to ₹6,846 crore, approximately 99.6% of the proceeds have been utilized as of September 30, 2026.
Utilization Breakdown
- Augmenting Tier-1 Capital: The primary object of the IPO was to augment the company’s Tier-1 capital, which includes onward lending and supporting business growth. The majority of the funds are directed towards this objective.
- Repayment of Borrowings: A significant portion of the utilized funds, ₹5,200 crore, was allocated towards the repayment of borrowings.
- Onward Lending: ₹1,497 crore was utilized for onward lending activities.
- Share Issue Expenses: Expenses related to the share issuance amounted to ₹149 crore, with ₹29 crore remaining unutilized as of the reporting date.
No Material Deviations Noted
The report also confirms that there have been no material deviations from the objects or purposes for which the funds were raised. The Board of Directors of Tata Capital Limited has reviewed and taken on record the Monitoring Agency Report, noting the adherence to the IPO objectives and the efficient deployment of capital.
Source: BSE
