Indegene Limited — Others, 31-07-2025: Monitoring Agency Report

Indegene Limited has released its Monitoring Agency Report for the quarter ended June 30, 2025, detailing the utilization of its Initial Public Offer (IPO) proceeds of 760.00 Cr. The report confirms there are no material deviations from the stated objects of the IPO. So far, the company has utilized 665.13 Cr of the proceeds. Key uses include 395.00 Cr for debt repayment and 26.63 Cr for capital expenditures, such as interior works and IT equipment. There was a 35-day delay in some capital expenditure deployment. The remaining unutilized funds of 94.87 Cr are largely invested in fixed deposits. This update provides clarity on the company's progress in deploying IPO funds.