Regulatory14 Aug 2026, 05:13 pm
Jaro Institute IPO: No Deviation in Fund Utilization for Q2 2026
AI Summary
Jaro Institute of Technology Management and Research Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Crisil Ratings Limited, confirms no deviation from the objects for which the Initial Public Offer (IPO) proceeds were raised. The company's IPO, which occurred between September 22-25, 2025, generated gross proceeds of ₹1,700.00 million, with net proceeds of ₹1,574.83 million after accounting for issue expenses. Crisil Ratings monitors the gross proceeds. The report is in line with SEBI regulations and provides an objective view of fund utilization.
Key Highlights
- No deviation reported in IPO fund utilization for Q2 2026.
- Gross IPO proceeds were ₹1,700 million; net proceeds ₹1,574.83 million.
- Report issued by Monitoring Agency Crisil Ratings Limited.
- Covers utilization of funds raised via Initial Public Offer (IPO).
- Submitted as per SEBI (Issue of Capital and Disclosure Requirements) Regulations.
Price Impact
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