Tatva Chintan Pharma Chem IPO share allotment standing: The preliminary public providing (IPO) of specialty chemical manufacturing firm Tatva Chintan Pharma Chem was subscribed a whopping 180.36 instances over the 32.61 lakh shares that had been on provide throughout the subscription interval from July 16-20, 2021. The worth band was fastened at Rs 1,073-1,083 per share.
Tatva Chintan IPO acquired bids of over 58.83 crore (58,83,08,396) shares in opposition to the full challenge measurement of over 32.61 lakh (32,61,882) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 185.23 instances, whereas these of non institutional traders was subscribed 512.22 instances and that of retail particular person traders (RIIs) was subscribed 35.35 instances, the info confirmed.
The IPO of the Vadodara-based specialty chemical manufacturing agency has a measurement of Rs 500 crore. It comprised Rs 225 crore via a recent challenge of shares and the remaining Rs 275 crore via be a suggestion on the market (OFS) by the present traders.
Investors at the moment are wanting ahead to the share allotment date of the Tatva Chintan IPO. The specialty chemical maker is meant to finalise the allotment by Monday, July 26, 2021, as per the timeline offered within the pink herring prospectus (RHP). In case you may have utilized for the Tatva Chintan Pharma Chem IPO, then right here is how one can examine the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is Link Intime India (Click right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants might want to choose Tatva Chintan Pharma Chem Limited – IPO within the drop-down menu and enter both their PAN, software quantity or DP Client ID. and click on on search to view their allotment standing.
Apart from the registrar’s web site, candidates also can examine the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose TATVA CHINTAN PHARMA CHEM LTD from the drop-down checklist within the Issue Name part, enter their Application Number and PAN Number within the respective bins after which click on on search to view their standing.
The itemizing of shares of Tatva Chintan Pharma Chem is more likely to happen on Thursday, July 29, 2021, on each the NSE and BSE.
ICICI Securities and JM Financial had been the book-running lead managers to the provide.