Also, as per present requirements under ICDR Regulations, issuer companies are not required to disclose any specific object regarding deployment of GCP amount and also usage of GCP amount is not covered in the monitoring agency report. Given the large size of IPOs, there is a need to provide adequate information about the utilisation and monitoring of such a large portion of issue proceeds, earmarked under GCP. It is proposed that the issue proceeds earmarked under GCP may also be brought under monitoring. The utilization of GCP amount by the issuer company may need to be disclosed in the quarterly Monitoring Agency report.