Announced Fri, 6 Nov, 2026 · 10:42 IST
Crisil reports no deviation in use of Rs 500 crore placement funds
IDEAFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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₹693.85
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AI summary
For the quarter ended September 30, 2026, Crisil Ratings found no deviation in ideaForge's use of proceeds from its Rs 500 crore institutional share placement, with no cost revision or delay. Rs 219.98 crore was used for working capital, product development, general corporate purposes and issue expenses. The remaining Rs 280.03 crore was held in bank deposits and short-term mutual funds.
Likely market impact
The clean review supports investor confidence, but most funds remain temporarily invested, with no immediate earnings or valuation catalyst.