Corporate Governance4 Nov 2026, 07:22 pm
Shringar House of Mangalsutra: IPO Proceeds Utilization Report
AI Summary
Shringar House of Mangalsutra Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by CRISIL RATINGS LIMITED. The report, reviewed by the Audit Committee, confirms that the utilization of Initial Public Offer (IPO) proceeds is in line with the disclosures made in the Offer Document. The IPO, which took place from September 9-12, 2025, raised ₹4,009.20 million in gross proceeds. Net proceeds after issue expenses amounted to ₹3,613.57 million. The company has confirmed that there are no deviations from the stated objects of the issue.
Key Highlights
- IPO proceeds utilization report for Q3 FY27 submitted.
- CRISIL Ratings confirms utilization is as per Offer Document.
- No deviation from IPO objects noted.
- Gross IPO proceeds were ₹4,009.20 million.
- Net proceeds after expenses were ₹3,613.57 million.
Price Impact
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