Tempsens Instruments: No Deviation in IPO Fund Utilization

Tempsens Instruments (India) Ltd has filed a Statement of Deviation and Variation for its Initial Public Offer (IPO) funds. The company confirms there has been no deviation or variation in the utilization of proceeds raised through its IPO on August 25, 2026. The funds were allocated for capital expenditure in electrical heating and specialized cable solutions, prepayment of borrowings, and general corporate purposes. The total amount raised was Rs. 950 Million (Fresh Issue) and Rs. 5550 Million (Offer for Sale). The report for the quarter ended September 30, 2026, indicates that all utilized funds align with the objects disclosed in the offer document, with no significant deviations noted.