Ceigall India Ltd

Ceigall India's IPO Funds Fully Utilized as Planned 📊

- Total issue size was ₹1,252.663 crore, with net proceeds to the company at ₹652.308 crore after issue expenses of ₹31.944 crore.

- A minor reallocation of ₹0.158 crore from debt repayment to general corporate purposes occurred, with no impact on overall utilization.

- Issue-related expenses were fully utilized at ₹31.276 crore, with a surplus of ₹0.668 crore transferred to operational accounts.

- All objects were completed on schedule by fiscal 2025: equipment purchase (₹99.789 crore), debt repayment (₹413.242 crore total), and general corporate purposes (₹139.277 crore).

- General corporate purpose funds were primarily used for equity infusions and investments in subsidiaries like Ceigall Infra Projects Private Limited and SPVs for HAM project development.

- No unutilized proceeds remained at the end of the quarter, and no delays or deviations were reported in project implementation.