CRISIL monitoring agency report on IPO proceeds: no deviation from objects
Meesho has submitted CRISIL Ratings' Monitoring Agency Report on the use of its IPO proceeds for the quarter ended September 30, 2026.
By ScoutQuest · · 1 min read
- Issue size (fresh issue)
- Rs 42,500.00 million
- Net proceeds
- Rs 41,021.26 million
- Issue expenses
- Rs 1,478.74 million
What the update says
Meesho has disclosed the Monitoring Agency Report issued by CRISIL Ratings Limited for the quarter ended September 30, 2026. A monitoring agency is an independent agency appointed to track how a company uses money raised through an IPO, and it reports every quarter.
The IPO was a fresh issue of equity shares, open from December 03, 2025 to December 05, 2025.
Where the money went
- CRISIL records that deviation from the objects of the issue is Not applicable.
- The range of deviation is also Not applicable.
In simple terms, the report flags no diversion of the IPO money away from the purposes stated at the time of the offer.
Key figures
- Issue size (fresh issue): Rs 42,500.00 million
- Gross proceeds: 42,500.00 (Rs. million), the amount CRISIL monitors
- Less: Issue expenses: 1,478.74 (Rs. million)
- Net proceeds: 41,021.26 (Rs. million)
One small change this quarter
Net proceeds were revised from Rs 41,021.37 million to Rs 41,021.26 million. CRISIL explains this was because actual issue expenses came in higher than estimated in the Offer document, by Rs 0.11 million, and that amount was reduced from the general corporate purposes cost.
What it means for retail investors
- This is a routine quarterly update that lets shareholders see whether IPO money is being used as promised.
- The agency reports no deviation from the stated objects for this quarter.
- The only arithmetic change is a very small downward revision in net proceeds, driven by slightly higher issue expenses than originally estimated.
Who signed it
The report is signed by Shounak Chakravarty, Director, Ratings (LCG), for and on behalf of CRISIL Ratings Limited. The exchange disclosure is signed by Rahul Bhardwaj, Company Secretary and Compliance Officer.
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Key Performance Indicators being uploaded on the investor website
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More numbers
- Issue size (fresh issue)Rs 42,500.00 million
- Gross proceeds42,500.00
- Less: Issue Expenses1,478.74
- Net Proceeds41,021.26
- Net proceeds before revision this quarterRs 41,021.37 million
- Higher-than-estimated issue expensesRs 0.11 million
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