Patel Chem Specialities Limited has confirmed no deviation in the use of funds raised from its Initial Public Offer (IPO) for the half-year ended March 31, 2026. The company secured ₹58.80 Cr through the IPO.

Out of the allocated ₹7.25 Cr for issue expenses, ₹0.35 Cr remains for future use.

The ₹8.40 Cr designated for general corporate purposes is fully utilized.

For capital expenditure, ₹43.15 Cr was allocated, with ₹35.89 Cr currently unutilized and held in a Fixed Deposit.

This update provides transparency to investors on the planned deployment of IPO proceeds.