GKGujarat Kidney and Super Speciality544666Routine SEBI update

Monitoring agency report on IPO proceeds: no deviation from the objects of the issue

Brickwork Ratings has issued its fourth monitoring agency report on the use of IPO proceeds for the quarter ended September 30, 2026.

By ScoutQuest · Wed 4 Nov 2026, 7:55 PM IST · 2 min read

IPO proceeds raised

Rs. 250.80 Crore through a fresh issue of 2,20,00,000 equity shares at Rs. 114 each

Deviation from objects of the issue

No

Monitoring agency report period

quarter ended September 30, 2026 (fourth report, by Brickwork Ratings)

This is a routine quarterly update on what the company has done with the money it collected from its initial public offering (IPO). Brickwork Ratings India Private Limited, appointed as the monitoring agency, has issued its fourth report, covering the quarter ended September 30, 2026.

What the report says about the money

• The funds came from a fresh issue of equity shares aggregating to Rs. 250.80 Crore
• 2,20,00,000 equity shares were issued at a price of Rs. 114 each
• Issue size was Rs. 250.80 Crore and the amount received was also Rs. 250.80 Crore
• The company belongs to the Hospitals sector

On deviation

The report states deviation from the objects of the issue as "No", and the range of deviation as "Not Applicable". In simple terms, this means the money is being tracked against the purposes the company set out when it raised funds, and this report records no departure from those stated purposes for the quarter.

What a monitoring agency does

A monitoring agency is an outside firm that checks, each quarter, how IPO proceeds are being used. It reports against the format prescribed by SEBI and the report is placed before shareholders through the stock exchanges.

Two limits worth knowing

• The monitoring agency states that it does not perform an audit and does not independently verify the information or statements it receives; the report is based on information provided by the company and sources it believes to be accurate and reliable.
• Certain sections titled "Comments of the Board of Directors" are filled in by the company's management and are not reviewed by the monitoring agency.

How to read this

A "no deviation" observation is a factual status point on the use of the proceeds. It speaks only to whether the money is being applied to the stated objects, and not to the company's profits, operations or share price.

Key takeaway

Rs. 250.80 Crore of fresh-issue proceeds, 2,20,00,000 shares at Rs. 114 each, and a recorded deviation of "No" for the quarter ended September 30, 2026.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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