Business Update7 May 2026, 05:41 pm
Ceigall India: ICRA Monitoring Agency Report for March 2026
AI Summary
Ceigall India Ltd has released the Monitoring Agency Report issued by ICRA Limited for the quarter and year ended March 31, 2026, regarding the utilization of IPO proceeds. The report indicates no material deviation from the stated objectives of the IPO. The Audit Committee reviewed the report on May 6, 2026. The IPO issue size was ₹1252.663 Crore with an offer for sale portion and ₹684.252 Crore excluding the offer for sale portion.
Key Highlights
- ICRA Limited issued a Monitoring Agency Report for Ceigall India for the quarter ended March 31, 2026.
- The report confirms no material deviation in the utilization of IPO proceeds.
- The Audit Committee reviewed the ICRA report on May 6, 2026.
- Gross proceeds from the IPO were ₹684.252 Crore, including issue-related expenses.
- Net proceeds from the IPO were ₹652.308 Crore, excluding issue-related expenses.
Price Impact
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