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Monika Alcobev confirms proceeds utilization aligns with IPO plan, per Acuité Ratings
05-Aug-2026, 08:39
Monika Alcobev Limited, a breweries and distilleries company, disclosed that Acuité Ratings & Research Limited, acting as the monitoring agency, observed no deviations in the utilization of proceeds raised through its initial public offering as of June 30, 2026. The company utilized Rs 94.64 crore of the Rs 100.64 crore allocated for working capital requirements, and Rs 11.45 crore of the Rs 11.45 crore earmarked for debt repayment, according to a regulatory filing with the BSE.
Monika Alcobev Limited, a breweries and distilleries company, disclosed that Acuité Ratings & Research Limited, acting as the monitoring agency, observed no deviations in the utilization of proceeds raised through its initial public offering as of June 30, 2026. The company utilized Rs 94.64 crore of the Rs 100.64 crore allocated for working capital requirements, and Rs 11.45 crore of the Rs 11.45 crore earmarked for debt repayment, according to a regulatory filing with the BSE.