Corporate Governance13 Nov 2026, 09:41 pm
Ardee Industries: Monitoring Agency Report for IPO Proceeds Q2 FY27
AI Summary
Ardee Industries Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by Crisil Ratings Limited. This report, in compliance with SEBI regulations, details the utilization of Initial Public Offer (IPO) proceeds. The gross proceeds amounted to ₹3,199.98 million, with net proceeds of ₹2,862.74 million after deducting issue expenses of ₹337.24 million. Crisil Ratings confirmed that the proceeds were utilized towards repayment, working capital, and issue expenses, with no deviations from the objects stated in the Offer Document.
Key Highlights
- Monitoring Agency Report for IPO proceeds submitted for Q2 FY27.
- Gross IPO proceeds were ₹3,199.98 million.
- Net proceeds after expenses were ₹2,862.74 million.
- Proceeds utilized for repayment, working capital, and expenses.
- No deviation from IPO objects reported.
Price Impact
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