Corporate Governance3 Nov 2026, 11:00 am
Advit Jewels: Monitoring Agency Report for IPO Proceeds (Q2 FY27)
AI Summary
Advit Jewels Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as per SEBI LODR and ICDR Regulations. CRISIL Ratings Limited, the monitoring agency, has confirmed that the utilization of proceeds from the company's Initial Public Offer (IPO) is in line with the disclosures made in the Offer Document. The IPO, which took place from June 23-25, 2026, raised ₹14,420.81 lakhs (Net Proceeds) from gross proceeds of ₹16,515.84 lakhs, after deducting issue expenses of ₹2,095.03 lakhs. The report indicates no deviation from the stated objects of the issue.
Key Highlights
- Monitoring Agency Report submitted for Q2 FY27.
- CRISIL Ratings confirms IPO proceeds utilization is as per disclosures.
- No deviation from the stated objects of the IPO.
- IPO raised ₹16,515.84 lakhs in gross proceeds.
- Net proceeds after expenses were ₹14,420.81 lakhs.
Price Impact
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