Ventive Hospitality’s Monitoring Agency Report, issued by Crisil Ratings Limited, indicates no utilization of IPO proceeds for the quarter ended September 30, 2025. The report confirms compliance with SEBI regulations regarding the utilization of funds raised through the Initial Public Offer. The unutilized amount remains in a public issue account as of the reporting period.
IPO Proceeds Monitoring
The Monitoring Agency Report for Ventive Hospitality, covering the quarter ending September 30, 2025, indicates that there was no utilization of funds from the Initial Public Offer (IPO) during this period. The report was issued by Crisil Ratings Limited.
Utilization Status
As of the end of the quarter, the gross proceeds from the fresh issue remain at ₹16,000.00 million, with issue expenses totaling ₹805.44 million and net proceeds at ₹15,194.56 million. There were no deviations from the stated objectives of the IPO.
Funds Deployment
The unutilized amount of ₹45.93 million is currently held in a public issue account. The original plan for the IPO proceeds included repayment/prepayment of certain borrowings and general corporate purposes. So far, no allocation has been made.
Compliance Confirmation
The report confirms that all information provided aligns with the disclosures made in the Offer Document. There were no significant deviations or unfavorable events affecting the viability of the IPO’s intended objects during this quarter.
Auditor’s Confirmation
Peer-reviewed independent Chartered Accountants, M/s GS KA & Co., have certified that the funds remain unutilized and are in compliance with regulatory requirements.
Source: BSE
