Diensten Tech Limited approved a preferential issue of 3,98,800 fully convertible warrants to promoter and public groups. Aggregating up to ₹4.59 Crore at ₹115 per warrant, the funds will strengthen the company's capital base subject to shareholder approval.
Ashika Credit Capital Ltd submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by Acuité Ratings, monitors the utilization of ₹109.62 Crore raised via preferential issue of convertible warrants. No deviations from the stated objects were observed during the period.
Rajesh Power Services Limited reported no deviation or variation in the utilization of its ₹160.47 Crore IPO proceeds for the period ended March 31, 2026. Lower-than-estimated IPO expenses resulted in a surplus of ₹8.57 Crore, which was redeployed toward working capital requirements.
Tirupati Innovar Limited approved a rights issue of equity shares for up to ₹47 Crore. The company issued a correction to the rights renunciation schedule, moving the last date for on-market renunciation from May 12, 2026, to May 11, 2026. The rights issue is scheduled to open on May 7 and close on May 15, 2026.
REC Limited confirmed the full utilization of ₹5,835 Crore raised through private placement of non-convertible securities. The company reported zero deviation or variation in the use of proceeds for the quarter ended March 31, 2024, as per SEBI regulations.
Yug Decor Ltd submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the ₹5.39 Crore raised through a Rights Issue has been utilized appropriately for the intended objects, with no deviations reported. Brickwork Ratings India Private Limited served as the monitoring agency.
Aptus Pharma Limited submitted its statement of utilization of IPO proceeds for the period ended March 31, 2026. The company confirmed it raised and fully utilized ₹13.02 Crore across objects including working capital and capital expenditure, reporting zero deviation or variation.
Five-Star Business Finance Limited reported nil deviation in the utilisation of proceeds from its preferential issue of share warrants as of March 31, 2026. The company has utilised ₹7.89 Crore of upfront consideration, while ₹17.90 Crore received on warrant conversion remains unutilised.
Karnika Industries Limited issued a corrigendum for its proposed preferential issue of 39,66,860 convertible warrants to raise approximately ₹47.99 Crore. The warrants, priced at ₹121 each, are primarily for working capital and general corporate purposes. The issuance targets promoters and select investors to support business growth and financial stability.
Brigade Hotel Ventures Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by CARE Ratings Limited, confirms the utilization of proceeds totaling ₹885.60 Crore raised through a Pre-IPO Placement (₹126 Crore) and an IPO (₹759.60 Crore) towards stated corporate objects.
Brigade Hotel Ventures Limited submitted its Regulation 32 statement for the quarter ended March 31, 2026. The company confirmed no deviation in the utilization of ₹885.60 Crore raised through its Pre-IPO Placement and IPO. Proceeds were utilized for debt repayment, land acquisition, and general corporate purposes.
AVG Logistics Ltd board approved raising up to ₹53 Crore through a rights issue of equity shares. A Rights Issue Committee was formed to determine the final pricing and entitlement ratio. The board also approved the Draft Letter of Offer for the proposed issuance.
Ratnaveer Precision Engineering Limited's board has approved a proposal for fund raising and an alteration of capital. The specific mode of fund raising will be decided at a later date. A shareholder meeting is scheduled for May 30, 2026, to seek necessary approvals.
Neogen Chemicals' subsidiary, Neogen Ionics Limited, will subscribe to a ₹100.11 Crore rights issue of its own subsidiary, Neogen Morita New Material Limited. The capital will fund a salt business acquisition, CAPEX, and OPEX requirements. The allotment is expected within 60 days, strengthening the group's position in the lithium-ion battery material space.
Eternal Limited (formerly Zomato Limited) submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report by ICRA confirms that ₹8,436.12 Crore raised via QIP is being utilized in line with the objects of the issue, with no deviations observed. Significant funds have been deployed towards dark stores, marketing, and technology infrastructure.
Aye Finance Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding IPO proceeds of ₹710.00 Crore. As of the quarter-end, ₹502.24 Crore has been utilized primarily for augmenting the capital base and onward lending, while ₹170.00 Crore remains parked in fixed deposits.
Agarwal Float Glass India Limited has withdrawn its proposed ₹15 Crore Rights Issue due to prevailing market conditions and sentiment. The issue had received in-principle approval from the NSE in April 2025. The company decided not to proceed within the 12-month validity period ending April 28, 2026.
Indrayani Biotech Limited's Rights Issue Committee has approved the Letter of Offer, Abridged Letter of Offer, and Composite Application Form for its proposed rights issue. This marks a key procedural milestone in the company's capital-raising process.
Lokesh Machines Limited clarified details regarding its proposed preferential issue of shares and warrants. The company confirmed the allotment of 4,03,040 securities at Rs. 243.25 each (totaling ₹9.80 Crore) via warrant conversion during FY 2025-26. Additionally, it confirmed compliance with valuation reports from an IBBI registered valuer.
Fedbank Financial Services Fund Raise of ₹1,092 Cr
Fedbank Financial Services Limited confirmed there were no deviations or variations in the utilization of INR 1092.26 Crore raised via its IPO during the quarter ended March 31, 2026. The funds are being utilized for augmenting Tier 1 capital base to meet future growth requirements.
Fedbank Financial Services Fund Raise of ₹574.5 Cr
Fedbank Financial Services Limited submitted its Monitoring Agency Report for Q4 FY2026. ICRA Limited confirmed that the entire revised net IPO proceeds of ₹574.50 Crore have been fully utilized for augmenting the Tier-I capital base, with no material deviations from the stated objects.
Dhanlaxmi Bank Limited reported the full utilization of ₹150 Crore raised through Private Placement of Non-Convertible Securities. The bank confirmed there were no deviations or variations in the use of proceeds for the quarter ended March 31, 2026.
REC Limited reported the full utilization of ₹5,835 Crore raised through private placements of non-convertible securities. The company confirmed no deviations or variations from the objects stated in the issue documents for the quarter ended March 31, 2024.
EFC (I) Ltd has scheduled a board meeting for May 1, 2026, to finalize the terms of its ₹160 crore rights issue. The board will determine the issue price, rights entitlement ratio, and record date following in-principle approvals from BSE and NSE. This capital raise aims to strengthen the company's equity base.
Leela Palaces Hotels & Resorts Fund Raise of ₹2,500 Cr
Leela Palaces Hotels & Resorts Limited submitted its Monitoring Agency Report for Q4 FY2026. ICRA Limited confirmed that ₹2,500 Crore in IPO proceeds were utilized in line with stated objects, primarily for debt repayment and general corporate purposes. No deviations were observed during the audit committee review on April 28, 2026.
Aimtron Electronics Limited reported zero deviation in the utilization of funds raised through its IPO (₹87.02 Crore) and preferential warrants (₹19.26 Crore utilized out of ₹33.61 Crore received). Proceeds were used for debt repayment, capital expenditure, and working capital requirements as per objects of the issue.
Ola Electric Mobility's subsidiary, OET, allotted 12,76,40,000 OCRPS to fellow subsidiary Ola Cell Technologies for ₹127.64 Crore. This preferential allotment via private placement represents the fourth tranche of investment utilizing IPO proceeds, strengthening the group's internal capital structure and operational integration.
Lokesh Machines Limited issued clarifications regarding its proposed preferential issue of equity shares and warrants. Promoters and certain group members intend to subscribe to warrants but not equity shares. The company also identified the ultimate beneficial owners of Zandra Herbs & Plantations LLP and confirmed valuation report compliance with SEBI regulations.
Balrampur Chini Mills approved a preferential issue of up to 93.16 lakh equity shares at ₹483 each, raising ₹450.00 Crore. Proceeds will fund a Poly Lactic Acid project (₹230cr), a gypsum plant (₹110cr), and general corporate purposes. An EGM is scheduled for May 20, 2026, for shareholder approval.
Fabtech Technologies Limited reported zero deviation or variation in the utilization of ₹230.30 Crore raised through its IPO for the quarter ended March 31, 2026. The statement was reviewed by the Audit Committee and confirmed by monitoring agency CRISIL Ratings Limited, indicating disciplined deployment of public issue proceeds.