Sansera Engineering Reports Compliant QIP Proceeds Utilization for Q3 FY26
Sansera Engineering Limited received a clean monitoring report from ICRA Limited for Q3 FY26, confirming compliant utilization of its ₹1,200.00 crore QIP proceeds. The company has utilized ₹939.29 crore across debt repayment, land acquisition, capital expenditure, and general corporate purposes, with ₹260.71 crore remaining in fixed deposits earning 7.40-7.80% returns. The monitoring agency confirmed no deviation from stated issue objectives.
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Sansera Engineering Limited has received regulatory confirmation that its Qualified Institutional Placement (QIP) proceeds utilization remains fully compliant with stated objectives for the quarter ended December 31, 2025. ICRA Limited, serving as the monitoring agency, submitted its quarterly report confirming no deviation from the original issue objects.
QIP Issue Overview
The auto components manufacturer raised ₹1,200.00 crore through its QIP issue conducted between October 10-15, 2024, generating net proceeds of ₹1,174.979 crore after accounting for issue expenses.
| Parameter | Details |
|---|---|
| Issue Period | October 10-15, 2024 |
| Gross Proceeds | ₹1,200.00 crore |
| Net Proceeds | ₹1,174.979 crore |
| Issue Expenses | ₹25.021 crore |
| Monitoring Agency | ICRA Limited |
Proceeds Utilization Status
As of December 31, 2025, Sansera Engineering has utilized ₹939.29 crore of the total ₹1,200.00 crore raised, with ₹260.71 crore remaining unutilized. The company has successfully completed debt repayment and capital expenditure objectives while making progress on land acquisition and general corporate purposes.
| Objective | Allocated Amount (₹ Crore) | Utilized Amount (₹ Crore) | Remaining (₹ Crore) | Status |
|---|---|---|---|---|
| Debt Repayment | 700.00 | 700.00 | Nil | Completed |
| Land Acquisition | 100.00 | 92.59 | 7.41 | In Progress |
| Capital Expenditure | 100.00 | 100.00 | Nil | Completed |
| General Corporate Purpose | 274.979 | 21.68 | 253.30 | In Progress |
| Issue Expenses | 25.021 | 25.021 | Nil | Completed |
Fund Deployment and Returns
The company has deployed its unutilized proceeds of ₹273.34 crore across multiple fixed deposits with leading banks, generating attractive returns. The investments include accrued interest income of ₹12.635 crore, demonstrating prudent treasury management.
| Bank | Amount Invested (₹ Crore) | Maturity Date | Interest Rate | Market Value (₹ Crore) |
|---|---|---|---|---|
| State Bank of India | 101.00 | January 21, 2026 | 7.80% | 108.40 |
| HDFC Bank (Deposit 1) | 33.50 | January 21, 2026 | 7.76% | 35.94 |
| HDFC Bank (Deposit 2) | 36.78 | January 27, 2026 | 7.40% | 39.29 |
| HDFC Bank (Deposit 3) | 102.00 | February 24, 2026 | 7.40% | 108.39 |
| Monitoring Account Balance | 0.07 | - | - | 0.07 |
| Total | 273.34 | - | - | 292.10 |
General Corporate Purpose Utilization
Under the general corporate purpose category, the company has invested ₹21.68 crore across strategic initiatives. This includes ₹11.68 crore invested in renewable energy projects during Q1 and Q2 FY26, and ₹10.00 crore invested in an associate company during Q3 FY26. The Board of Directors approved a total investment of ₹30.00 crore in the associate company, with the remaining ₹20.00 crore expected to be deployed in subsequent quarters.
Regulatory Compliance
The monitoring agency confirmed that all utilization complies with Regulation 32 of SEBI (LODR) Regulations 2015. ICRA Limited verified that the company has maintained proper documentation, obtained necessary approvals, and followed prescribed procedures for fund deployment. The report indicates no material deviations from the original objects of the issue and confirms that the means of finance for disclosed objects remain unchanged.
The remaining utilization of ₹260.71 crore is expected to be completed during FY26-27, with funds continuing to earn returns through fixed deposit investments until deployment.
Historical Stock Returns for Sansera Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.20% | +11.50% | -1.02% | +39.28% | +52.37% | +126.25% |
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