International Gemmological Institute India Ltd

💎 Capacity Expansion update: ICRA confirms no deviation in IGI IPO proceeds use; ₹1,474.279 crore utilized

- IPO proceeds utilized: INR 1,474.279 crore of INR 1,475.000 crore monitored; INR 0.721 crore unutilized

- ICRA report for quarter ended September 30, 2026: no deviation; deviation range Not Applicable

- IGI Belgium & Netherlands acquisition: Rs. 1,300.000 crore fully utilized (completion date December 31, 2024)

- GCP: Rs. 109.740 crore fully utilized with no delay

- Issue related expenses: INR 64.539 crore utilized of INR 65.260 crore; INR 0.721 crore unutilized

- Net proceeds per prospectus: INR 1,409.740 crore (excl. issue expenses)

- IPO issue size: INR 4,225.000 crore