Tatva Chintan Pharma Chem share value: Shares of Tatva Chintan Pharma Chem made a stellar debut on the inventory exchanges in the present day itemizing at 95 per cent increased than their problem value.
The scrip obtained listed at Rs 2,111.85 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 95 per cent from its provide value of Rs 1,083, whereas on the BSE, it opened at Rs 2111.80, up 94.99 per cent from the difficulty value.
The inventory continued its momentum and added to its opening good points and touched an intraday excessive of Rs 2,534.20 on NSE and Rs 2486.30 on the BSE to this point throughout the first hour of commerce.
At 10:52 am, the scrip was buying and selling at Rs 2,264.60 on the BSE, up 109.10 per cent from the difficulty value whereas on NSE it was at Rs 2,264.15.
Over 45.71 lakh shares of Tatva Chintan Pharma Chem have been traded on the NSE throughout the first 50 minutes of commerce, whereas over 4.23 lakh shares exchanged fingers on the BSE, knowledge from the respective inventory exchanges confirmed.
The Rs 500 crore IPO of Tatva Chintan Pharma Chem met a strong demand throughout its provide interval from July 16-20. The problem was oversubscribed by a whopping 180.36 instances.
The Vadodara-based firm is into specialty chemical manufacturing and it exports most of its merchandise to over 25 nations, together with the US, China, Germany, Japan, South Africa and the UK.