Tattva Chintan IPO in gray market is trading at 2073 to 2083 levels. The company will allot the shares today. You can check your allotment status by visiting the website of BSE and registrar.
Investors have made huge profits from the initial public offering (IPO) market this year. Chemicals manufacturing company Tatv Chintan Pharma Chem will allot shares today. Company shares are in great demand in the gray market.
Tattva Chintan IPO in the gray market is trading at 2073 to 2083 levels. If investors wish to check the status of the allotment of shares, they can do so through the website of Bombay Stock Exchange (BSE). Also, you can easily check your allotment status by visiting the registrar's website.
Check status from the BSE website:
• First of all you go to the link given BSE INDIA
• Now select on Equity and dropdown.
• Here click on Tattva Chintan Pharma Chem Ltd Share name.
• Now you need to enter Application Number, DP ID or a Client ID, and your PAN Number.
• Now click on 'I am not a Robot' and then do a search.
• After filling in all the details correctly, the status of the application will be displayed.
Check status from the registrar of the issue:
• Apart from BSE you can visit the link given below to check the status from the Registrar of Issues,
• Link Intime India Private Limited IPO PUBLIC
• Here enter the company name in the dropdown.
• Now enter your PAN Number, Application Number, and Depository ID in the box.
• Enter the captcha and click on the search button.
The shares will be listed on July 29:
The company's stock exchange is to be listed on July 29. The IPO of Tatv Chintan opened on 16 July. It closed on 20 July. The price band for this IPO was fixed at Rs 1073-1083 per equity share.
The company had fixed a lot size of 13 shares for the IPO. Investors had to bid for a minimum lot size and a maximum of 14 lots i.e. 182 shares. That is, investors bid a minimum of Rs 13,949 and a maximum of Rs 1,97,106 for this.
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In this IPO, 35 percent was reserved for retail investors. 50 percent share was reserved for qualified institutional buyers (QIBs) and 15 percent for non-institutional investors (NICs).
Tatva Chintan Established in 1996:
Tattva Chintan Pharma Chem was established in 1996. It is a chemical manufacturing company that manufactures Structure Directing Agents (SDA), Phase Transfer Catalysis (PTC), Pharma and Agrochemical Intermediates, and other specialty chemicals.
The proceeds of the IPO will be used by the company for the expansion of its Dahej unit, for the development of its research and development center in Vadodara, and for the day-to-day needs of the company. The company's customers are in automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings, pharma, and personal care, among other sectors.