Tatva Chintan Pharma Chem IPO share allotment status: Here’s how to check your shares

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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 IPO Allotment Status: When And How To Check Your Status

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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 IPO allotment status check, latest GMP, listing date

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Tatva Chintan Pharma Chem IPO will be allotted to the bidders on Monday. Bidders can check Tatva Chintan IPO subscription status on the website of Link Intime India Private Ltd – linkintime.co.in/MIPO/Ipoallotment.html

Tatva Chintan IPO bidders can also check the status of their application at the BSE website.

Once the IPO allotment is finalised, the shares will be credited into the demat accounts of the successful bidders. The refund will be given to unsuccessful bidders on Tuesday.

Tatva Chintan Listing Date

Tatva Chintan shares will be listed on the BSE and NSE on Thursday (July 29). The company had fixed the IPO price band at Rs 1,073-1,083 per share. At Rs 1083, one lot with 13 shares was available at Rs 14,079.

Tatva Chintan GMP Today

Tatva Chintan shares in the grey market are commanding a strong premium. The GMP for Tatva Chintan shares have been constantly rising.

The GMP of Tatva Chintan share is currently at Rs. 1050-1060 which is almost 100 per cent.

Tatva Chintan is a specialty chemical manufacturing company. Its IPO received a massive investor response, getting subscribed a whopping 180.36 times. The IPO received bids for 58,83,08,396 shares against 32,61,882 shares on offer.

Tatva Chintan is a Vadodara-based firm. It exports most of its products to over 25 countries, including the US, China, Germany, Japan, South Africa, and the UK.

Tatva Chintan is the second-best IPO so far this year in terms of investor demand. MTAR Technologies' IPO in March was subscribed 201 times.

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