Tatva Chintan IPO GMP: According to the market observers, Tatva Chintan IPO GMP today is robust ₹710 to ₹720 that means Tatva Chintan shares are available at a premium of ₹710 to ₹720 in the grey market
Tatva Chintan IPO: Tatva Chintan Pharma Chem Limited initial public offering (IPO) has opened for bidding today and it will remain open for subscription till 20th July 2021. As per the Red Herring Prospectus (RHP) of Tatva Chintan IPO, price band of the public issue has been fixed at ₹1073 to ₹1083, share allotment will take place on 26th July 2021 while the tentative date for listing of the company share is 29th July 2021.
The IPO received a strong response from the investors, especially retail portion, as it was fully subscribed within the first two hours of the first bidding day on Friday. As of 12 pm, the issue got subscribed at 1.50 times as it received applications for 49,08,748 shares as against an offer of 32,61,882 shares, data compiled by stock exchanges showed.
The retail investors are at the forefront as they the portion is subscribed 2.96 times. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 0.00 times, whereas, Non Institutional Investors was subscribed 0.12x or 12%.
Here we list out 10 details of the Tatva Chintan IPO:
1] Tatva Chintan IPO GMP: According to the market observers, Tatva Chintan IPO GMP today is robust ₹710 to ₹720 that means Tatva Chintan shares are available at a premium of ₹710 to ₹720 in the grey market. The market observers went on to add that Tatva Chintan IPO grey market premium today at robust 66 per cent is a good sign for the company promoters as it may attract some extra bidders when the bidding begins today.
2] Tatva Chintan IPO price band: The pharma company has fixed the public issue price at ₹1073 to ₹1083 per equity shares.
3] Tatva Chintan IPO lot size: As per the RHP of the Tatva Chintan public issue, a bidder will have to apply in lots and one lot will comprise 13 shares of the company.
4] Tatva Chintan IPO allotment date: The tentative date for Tatva Chintan share allotment is 26th July 2021.