Quarterly Updates2 Nov 2026, 05:55 pm
IRM Energy: IPO Proceeds Utilization Report for Q2 FY27
AI Summary
IRM Energy Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. Issued by CRISIL Ratings Limited, the report confirms the utilization of Initial Public Offer (IPO) proceeds. The filing, in accordance with SEBI regulations, indicates no deviation from the IPO's stated objects. The IPO, which occurred from October 18-20, 2023, raised approximately ₹5,449.96 million, with net proceeds of ₹4,957.59 million being monitored.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- CRISIL Ratings confirms IPO proceeds utilization.
- No deviation from IPO objects reported.
- IPO raised ₹5,449.96 million in October 2023.
- Net proceeds of ₹4,957.59 million are under monitoring.
Price Impact
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