Tatva Chintan IPO Allotment Status: When And How To Check Your Status
Tatva Chintan Pharma Chem Ltd. hit the market floor with a stellar initial public offering (IPO) of Rs 500 crore on July 16. Its IPO share allocation is likely to be finalised on Monday, July 26. The public issue of Tatva Chintan saw a favourable response from the investors due to its subscriptions of around 180.36 times by the time it closed. The bumper bidding for the stock has pushed its grey market premium (GMP) close to 100 per cent over the issue price. While the allotment will be finalised today, the shares of the company are expected to list on Thursday, July 29.
The price band that the IPO opened with was Rs 1,073 to Rs 1,083 per equity share, while the GMP stood at Rs 1,000, which indicates that the shares were trading on the grey market at around Rs 2,073 to Rs 2,083 per share against the given price.
Investors who have applied for Tatva Chintan IPO can check the status of their share allocation on the Bombay Stock Exchange’s official portal- Bseindia.com.
How to check the Tatva Chintan IPO allotment status online?
Visit the BSE’s official website- www.bseindia.com/investors/appli_check.aspx (Direct link- https://www.bseindia.com/investors/appli_check.aspx);
On the ‘Status of Issue Application’ page, click on Equity;
In the issue name, select ‘Tatva Chintan Pharma Chem Limited’;
Enter your application number and PAN no.;
Click on ‘I am not a Robot’ and hit submit;
The details of your application will appear on the screen.
You can also check allotment details of the Tatva Chintan IPO on Link Intime India Private Ltd’s website.
Steps to check the Tatva Chintan IPO allotment status on ‘Link Intime’ website
Link Intime India Private Limited is the official registrar’s website to check the allotment status. It is a SEBI registered entity and is responsible for carrying out the allotment process as per the prospectus of the company. Any refunds and investor-related roadblocks are also handled by it.
Visit On Link Intime’s official website- www.https://linkintime.co.in/MIPO/Ipoallotment.html (Direct link- https://linkintime.co.in/MIPO/Ipoallotment.html);
Select ‘Tatva Chintan Pharma Chem Limited’ from the drop-down list menu;
Enter your application no or PAN no or DP Client ID;
Click on ‘Submit’.
The IPO is slated to be the second-best this year in terms of investor demand. Earlier in March, the ₹596-crore IPO of MTAR Technologies was subscribed 201 times. The quota reserved for qualified institutional buyers (QIBs) was subscribed 185.23 times, while the one reserved for non-institutional investors (NIIs) by 512.22 times. The retail quota was subscribed 35.35 times.
(IMAGE- PTI/REPRESENTATIVE IMAGE/LOUIS REED/UNSPLASH)
Tatva Chintan Pharma Chem IPO share allotment status: Here’s how to check your shares
Tatva Chintan Pharma Chem is a Vadodara-based specialty chemical maker which export most of its products to over 25 countries. (Representative image: Pixabay)
Tatva Chintan Pharma Chem IPO share allotment status: The initial public offering (IPO) of specialty chemical manufacturing company Tatva Chintan Pharma Chem was subscribed a whopping 180.36 times over the 32.61 lakh shares that were on offer during the subscription period from July 16-20, 2021. The price band was fixed at Rs 1,073-1,083 per share.
Tatva Chintan IPO received bids of over 58.83 crore (58,83,08,396) shares against the total issue size of over 32.61 lakh (32,61,882) shares, data available with the National Stock Exchange (NSE) showed.
The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 185.23 times, while those of non institutional investors was subscribed 512.22 times and that of retail individual investors (RIIs) was subscribed 35.35 times, the data showed.
The IPO of the Vadodara-based specialty chemical manufacturing firm has a size of Rs 500 crore. It comprised Rs 225 crore through a fresh issue of shares and the remaining Rs 275 crore through an offer for sale (OFS) by the existing investors.
Investors are now looking forward to the share allotment date of the Tatva Chintan IPO. The specialty chemical maker is supposed to finalise the allotment by Monday, July 26, 2021, as per the timeline provided in the red herring prospectus (RHP). In case you have applied for the Tatva Chintan Pharma Chem IPO, then here is how you can check the status of your allotment when it gets declared:
The allotment status will get updated on the website of the registrar of the IPO, which in this case is Link Intime India (Click here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants will need to select Tatva Chintan Pharma Chem Limited – IPO in the drop-down menu and enter either their PAN, application number or DP Client ID. and click on search to view their allotment status.
Apart from the registrar’s website, applicants can also check the status of their allotment on the website of the BSE (Click here: https://www.bseindia.com/investors/appli_check.aspx). Here, they will need to select Equity in Issue Type, then select TATVA CHINTAN PHARMA CHEM LTD from the drop-down list in the Issue Name section, enter their Application Number and PAN Number in the respective boxes and then click on search to view their status.
The listing of shares of Tatva Chintan Pharma Chem is likely to take place on Thursday, July 29, 2021, on both the NSE and BSE.
ICICI Securities and JM Financial were the book-running lead managers to the offer.
Tatva Chintan Pharma Chem IPO allotment status: Here’s how to check
Open the official website of BSE India - bseindia.com
Click on ‘Status of Issue Application’ link available on the homepage of the website
Select ‘Equity’ in Issue Type
Select ‘Tatva Chintan Pharma Chem’ in Issue Name
Enter your Application number and PAN.
After entering all the fields, click on the Search button to view the status of your IPO
NEW DELHI: The initial public offering (IPO) share allocation of specialty chemical manufacturing company Tatva Chintan Pharma Chem is likely to be finalised on Monday. Investors who have applied for the Tatva Chintan Pharma Chem IPO can check the status of share allocation through the official portal of the BSE The issue, with a price band of Rs 1,073-1,083 a share, opened for subscription on July 16 and concluded on July 20. Proceeds from the fresh issue would be used towards funding capital expenditure requirements for expansion of the company’s Dahej manufacturing facility; up-gradation of an R&D facility in Vadodara; and general corporate purposes.Vadodara-based Tatva Chintan is a specialty chemical manufacturing company. The company exports most of its products to over 25 countries, including the US, China, Germany, Japan, South Africa and the UK.For the fiscal ended March 31, 2020, the company posted a profit of Rs 37.78 crore as compared to Rs 20.54 crore in the preceding financial year, while it reported a revenue of Rs 263.23 crore against Rs 206.3 crore.The equity shares of the company will be listed on NSE and BSE.(With inputs from agencies)