Hyderabad: The initial public offering (IPO) of specialty chemical manufacturing company Tatva Chintan Pharma Chem Ltd received a massive investor response. According to the data available with the National Stock Exchange (NSE), the IPO has been subscribed by a whopping 180.36 times with bids for 58.83 crore shares against 32.61 lakh shares on offer. The portion meant for qualified institutional buyers(QIBs) was subscribed 185.23 times, those reserved for non-institutional investors a whopping 512.22 times and retail individual investors(RIIs) quota received 35.35 times subscription.
While its issue price was in the range of Rs 1,073-1,083 per share, media reports suggest that the shares were available at Rs 1,005 to Rs 1,010 premium in the grey market on Friday. According to brokerages, the shares are likely to be listed at both NSE and Bombay Stock Exchange (BSE) on 29 July and the listing price will be around Rs 2,088 to Rs 2,093. As the share allotment is likely to be finalised by July 26, follow the below given steps to check your allotment status online.
- Visit Bombay Stock Exchange (BSE) website - https://www.bseindia.com/investors/appli_check.aspx
- Under the issue type, click Equity
- Under the issue name, select Tatva Chintan Pharma Chem in the drop box
- Enter your application number
- Enter your Permanent Account Number (PAN)
- Click on 'I am not a Robot’ and hit submit to know your status
Read More| Explained: What is Initial Public Offering?
