Monitoring Agency Report for the Quarter Ended on 31st March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patel Chem Specialities Ltd filed its Q4FY26 monitoring agency report for their IPO proceeds. The company raised Rs. 58.80 crore through an IPO in July 2025. As of March 31, 2026, Rs. 22.55 crore (38%) has been utilized out of Rs. 58.80 crore. The unutilized balance of Rs. 36.24 crore is safely deployed in fixed deposits with Axis Bank. No utilization occurred in Q4FY26 as the capital expenditure for setting up the new plant at Indrad, Mahesana is still in progress. General corporate purposes (Rs. 8.40 crore) and issue-related expenses (Rs. 6.90 crore of Rs. 7.25 crore) have been fully deployed. The statutory auditor has confirmed no deviation in fund utilization.
Shareholders can be reassured that IPO funds are being deployed as planned with no deviations. The Rs. 36.24 crore kept in FDs earns 6.60% return and the capex project remains on track with commercial production expected by March 2026.