Fund Raise

Spandana Sphoorty Financial Fund Raise of ₹415 Cr

Spandana Sphoorty Financial Limited submitted its quarterly statement confirming the full utilization of ₹415 Crore raised through private placement of debentures. The funds were deployed for on-lending purposes as per the objects of the issue, with no reported deviations or variations for the quarter ended March 31, 2026.

Value

₹415.0 Cr

Silgo Retail Fund Raise of ₹22.14 Cr

Silgo Retail Limited's board reviewed the Monitoring Agency Report for the quarter ended March 31, 2026, regarding its Rights Issue. The company has received ₹22.14 Crore (50% of subscription) and confirmed no deviations in the utilization of proceeds. Brickwork Ratings India Private Limited acted as the monitoring agency for the issue.

Value

₹22.14 Cr

Gemstone Investments Fund Raise

SP and Nisha Private Limited acquired 1,90,00,000 equity shares (8.28% stake) of Gemstone Investments Limited through a preferential allotment. The acquisition increases the total diluted share capital of the target company to 46,83,50,000 shares.

GNG Electronics Fund Raise of ₹400 Cr

GNG Electronics Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026, regarding its ₹400 Crore IPO. Prepared by CARE Ratings Limited, the report confirms that the proceeds are being utilized as per the offer document with no deviations. As of quarter-end, ₹394.24 Crore has been utilized, primarily for debt repayment and corporate purposes.

Value

₹400.0 Cr

Karnika Industries Fund Raise of ₹47.99 Cr

Karnika Industries Limited issued a corrigendum for a preferential issue of 39,66,860 convertible warrants to raise approximately ₹47.99 Crore. Warrants are priced at ₹121 each and are convertible into equity shares within 18 months. The proceeds will fund working capital and general corporate purposes.

Value

₹47.99 Cr

Execution

18 months

Aadhar Housing Finance Fund Raise of ₹1,000 Cr

Aadhar Housing Finance Limited confirmed full utilization of ₹1,000 Crore raised via its IPO and proceeds from listed NCDs for the quarter ended March 31, 2026. The company reported nil deviations or variations from the objects stated in the offer documents.

Value

₹1,000 Cr

DCM Fund Raise

Yuv Bharat Ram and Rahil Bharat Ram have withdrawn their disclosure for the proposed gift-based acquisition of 12,60,000 shares of DCM Limited. The transaction failed to materialize due to a PAN freeze associated with the Company's ISIN during a trading window closure. No financial consideration was involved as the transfer was intended as a gift.

Aadhar Housing Finance Fund Raise of ₹1,000 Cr

Aadhar Housing Finance Limited submitted its Monitoring Agency Report for Q4 FY2026, confirming no deviations in the utilization of ₹1,000 Crore raised via its IPO. ICRA Limited reported that proceeds were deployed towards onward lending and general corporate purposes, with actual issue-related expenses being lower than estimated by ₹3.14 Crore.

Value

₹1,000 Cr

Prism Medico and Pharmacy Fund Raise of ₹12.5 Cr

Prism Medico and Pharmacy Limited allotted 75,00,000 equity shares and 50,00,000 convertible warrants on a preferential basis at ₹10 each. The total fund raise amounts to ₹12.5 Crore, following shareholder approval at an EGM held on March 20, 2026.

Value

₹12.50 Cr

Jammu & Kashmir Bank Fund Raise of ₹2,530 Cr

Jammu and Kashmir Bank Limited reported its quarterly Statement of Deviation or Variation for funds totaling ₹2530.25 Crore raised through various issues. The bank confirmed zero deviation in fund utilization for the quarter ended March 31, 2026. The funds were deployed toward business growth, long-term capital requirements, and maintaining regulatory capital adequacy ratios.

Value

₹2,530 Cr

Sat Kartar Life Fund Raise of ₹33.8 Cr

Sat Kartar Life Limited submitted its Monitoring Agency Report for the half-year ended March 31, 2026. The report, issued by CARE Ratings, monitors the utilization of ₹33.80 Crore raised through its IPO. No deviations from the stated objects were reported during the period.

Value

₹33.80 Cr

Systematix Corporate Services Fund Raise of ₹103.1 Cr

Systematix Corporate Services Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report by CARE Ratings Limited confirms the utilization of ₹103.12 Crore raised through a preferential issue. Funds are being deployed towards subsidiary investments and general corporate purposes in line with offer document disclosures.

Value

₹103.1 Cr

Capri Global Capital Fund Raise of ₹877 Cr

Capri Global Capital Limited submitted its Regulation 32 statement for the quarter ended March 31, 2026, confirming no deviations in the utilization of ₹877 Crore raised through private placements and public issues. The funds were utilized for stated objects including onward lending, refinancing, and general corporate purposes.

Value

₹877.0 Cr

Lloyds Engineering Works Fund Raise of ₹987.2 Cr

Lloyds Engineering Works Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report by Brickwork Ratings reviews the utilization of ₹987.25 Crore raised via a Rights Issue, confirming no deviations from the stated objects.

Value

₹987.2 Cr

Happy Forgings Fund Raise of ₹377.8 Cr

Happy Forgings Limited's monitoring agency, ICRA Limited, confirmed the full utilization of its ₹377.82 Crore net IPO proceeds as of March 31, 2026. The report noted no deviations from the stated objects, which included equipment purchase, debt prepayment, and general corporate purposes.

Value

₹377.8 Cr

Krishival Foods Fund Raise of ₹34.99 Cr

Krishival Foods Limited submitted a revised Monitoring Agency Report for the quarter ended March 31, 2026. The company has received ₹34.99 Crore (35% of total proceeds) from its ₹99.99 Crore rights issue. Funds are being utilized for capital expenditure, working capital, and general corporate purposes without any reported deviations.

Value

₹34.99 Cr

Afcom Holdings Fund Raise

Afcom Holdings Limited has launched a Qualified Institutions Placement (QIP) of equity shares. The board approved a floor price of Rs. 799.62 per share, with a potential discount of up to 5% as per SEBI regulations. The issue opened on May 04, 2026, aimed at raising new capital from institutional investors.

Krishival Foods Fund Raise of ₹99.99 Cr

Krishival Foods Limited submitted its first monitoring agency report for the quarter ended March 31, 2026. The report details the utilisation of ₹99.99 Crore raised through a Rights Issue, with ₹34.99 Crore received as of the reporting date. No deviations from the stated objects were observed by the monitoring agency, Brickwork Ratings.

Value

₹99.99 Cr

Innovassynth Technologies (India) Fund Raise of ₹69.65 Cr

Innovassynth Technologies (India) Limited has dispatched materials for its ₹69.65 Crore rights issue. The company is issuing 1.74 crore shares at ₹40 each to eligible shareholders in a 3:13 ratio as of the April 29, 2026 record date.

Value

₹69.65 Cr

IIFL Finance Fund Raise of ₹8,419 Cr

IIFL Finance Limited certified the utilization of ₹8,418.85 Crore raised through Commercial Papers issued during the quarter ended March 31, 2026. The company confirmed adherence to SEBI listing conditions and that proceeds were used for purposes disclosed in offer documents.

Value

₹8,419 Cr

KEI Industries Fund Raise of ₹2,000 Cr

KEI Industries Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026, regarding its ₹2,000 Crore QIP. The report by CARE Ratings confirms funds are being utilized for Sanand plant expansion, debt repayment, and general corporate purposes, with no deviations from stated objects.

Value

₹2,000 Cr

AVG Logistics Fund Raise

AVG Logistics Limited has deferred its Board Meeting scheduled for May 04, 2026, regarding a proposed Rights Issue. The delay is due to the Draft Letter of Offer being under consideration by Stock Exchanges. A new meeting date will be announced once in-principle approval is received.

Sobha Fund Raise of ₹1,999 Cr

Sobha Limited reported zero deviation in the utilization of ₹1,999.03 Crore raised via its June 2024 Rights Issue. As of March 31, 2026, the company has utilized ₹1,777.74 Crore, primarily for debt repayment and project expenses, with ₹221.28 Crore remaining unutilized in monitoring accounts.

Value

₹1,999 Cr

Wockhardt Fund Raise of ₹977.8 Cr

Wockhardt Limited filed its quarterly Monitoring Agency Report for the QIP proceeds. As of March 31, 2026, the company utilized ₹815.46 Crore out of ₹977.79 Crore net proceeds. The Board extended the utilization timeline for the remaining ₹162.33 Crore, earmarked for R&D and capital expenditure, until financial year 2028.

Value

₹977.8 Cr

Execution

Up to financial year 2028

Prabha Energy Fund Raise of ₹45.94 Cr

Prabha Energy Limited fixed May 08, 2026, as the Record Date for its first call notice on 96,67,258 partly paid-up equity shares. Shareholders must pay ₹47.52 per share, representing 33% of the ₹144.00 issue price. The total call amount involves approximately ₹45.94 Crore.

Value

₹45.94 Cr

Sobha Fund Raise of ₹1,999 Cr

Sobha Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026. ICRA Limited confirmed that ₹1,777.75 Crore of the ₹1,999.03 Crore Rights Issue proceeds have been utilized. There are no deviations in fund usage, and unutilized funds are held in fixed deposits and monitoring accounts.

Value

₹1,999 Cr

Biocon Fund Raise

Biocon Limited's Board will meet on May 07, 2026, to consider a preferential allotment of equity shares. This issuance is intended to fund the acquisition of equity shares in its material subsidiary, Biocon Biologics Limited, for consideration other than cash. The transaction is subject to shareholder approval via postal ballot.

De Neers Tools Fund Raise of ₹29.57 Cr

De Neers Tools Limited has allotted 2.40 lakh equity shares and 16.80 lakh convertible warrants at Rs. 154 per unit, totaling approximately ₹29.57 Crore. The issuance includes public and promoter categories, with warrants convertible within 18 months. This preferential allotment strengthens the company's capital base to support future growth.

Value

₹29.57 Cr

Execution

18 months

Maha Rashtra Apex Corporation Fund Raise of ₹14.09 Cr

Maha Rashtra Apex Corporation Limited has allotted 1,40,91,896 equity shares of Rs.10 each on a rights basis at par. This issue, totaling approximately ₹14.09 Crore, increases the company's paid-up equity share capital to ₹28.18 Crore.

Value

₹14.09 Cr

Krishival Foods Fund Raise of ₹34.99 Cr

Krishival Foods Limited reported the utilization of ₹34.99 Crore raised through a rights issue as of March 31, 2026. The company confirmed zero deviation from the original objects, which included capital expenditure and working capital requirements. Monitoring agency Brickwork Ratings India Private Limited reviewed the statement.

Value

₹34.99 Cr