Tatva Chintan Pharma Chem Ltd IPO vs Zomato IPO Subscription: BIG LEAD! Chemical firm's IPO BEATS food aggregator's issue on Day 3—check all data and relevant DETAILS HERE
Tatva Chintan Pharma Chem Ltd IPO Subscription: Retail Individual Investors (RIIs) portion was subscribed more than 34 times
Tatva Chintan Pharma Chem Ltd IPO on Tuesday, the last day of the subscription of the issue, created a massive record. The chemical firm IPO saw a subscription of over 174 times on the last day of the IPO at 3.20 pm, more than one hour still left before the final subscription figures are out at 5 pm. In the Process, Tatva Chintan Pharma Chem Ltd IPO also went on to beat Zomato IPO, which saw subscription of over 40 per cent on the last day.
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Tatva Chintan Pharma Chem Ltd IPO was subscribed 15.05 times at the end of the second day on Monday, July 19, 2021. With more than an hour left, the IPO already had jumped nearly 150 times from Monday's figure. It saw investors making bids for whooping 57,01,78,856 shares as against reserved portion of 32,61,882, as per consolidated details at the National Stock Exchange (NSE) at 3.20 pm.
The subscription was led by Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) which subscribed the issue over 488x and more than 34 times.
Qualified Institutional Buyers (QIBs) was also not much behind with nearly 185 times subscription.
Tatva Chintan Pharma Chem Ltd IPO important dates and Time
Tatva Chintan Pharma Chem Ltd IPO opening and closing dates: July 16, 2021 and July 20, 2021.
Post issue Modification Period – 22 July 2021 between 10am and 11 am
Cut-off time for UPI Mandate Confirmation – 22 July 2021 up to 12 pm
Tatva Chintan Pharma Chem Ltd likely finalisation of share allotment: July 27
Tatva Chintan Pharma Chem Ltd Initiation of refunds: July 28.
Tatva Chintan Pharma Chem Ltd IPO transfer of shares to demat account: July 29
Tatva Chintan Pharma Chem Ltd IPO expected listing date: July 30.
IPO Market Timings – 10 am to 5 pm
Tatva Chintan Pharma Chem Ltd IPO Key Details:
Symbol - TATVA
Issue Period - 16 July 2021 to 20 July 2021
Issue Size - Initial Public offer of equity shares aggregating up to Rs 500 cr comprising a fresh Issue of up to Rs 225 cr and an Offer for Sale (OFS) of up to Rs 275 crore
Issue Type – 100 per cent Book Building
Price Range – Rs 1073 to Rs 1083
Face Value - Rs 10
Tick Size - Re 1
Bid Lot 13 equity shares and in multiples thereof
Minimum Order Quantity - 13 equity shares
Maximum Subscription Amount for Retail Investor - Rs 200,000
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