Patel Retail Limited Submits ICRA Monitoring Agency Report for Q4 FY2026 IPO Proceeds Utilisation
Published on: May 15, 2026, 11:24 p.m. | Source: scanx.trade
Patel Retail Limited submitted its Q4 FY2026 Monitoring Agency Report, prepared by ICRA Limited, confirming that utilisation of combined IPO and Pre-IPO proceeds of INR 232.107 Crore is in line with the objects of the issue, with no material deviation. Pre-IPO proceeds of INR 15.0000 Crore were fully utilised, while IPO proceeds utilisation stood at INR 197.9175 Crore out of INR 217.1070 Crore, leaving INR 19.1895 Crore unutilised under General Corporate Purposes. Unutilised funds are deployed in fixed deposits with HDFC Bank and Yes Bank, with a combined market value of INR 20.3755 Crore as at March 31, 2026. The report was filed on May 15, 2026, in compliance with SEBI Listing and ICDR Regulations.
