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HomeNewsBusinessIPOTatva Chintan IPO share allotment finalised: How to check status

Tatva Chintan IPO share allotment finalised: How to check status

The shares of Tatva Chintan will start trading on both BSE and NSE from July 29.

July 27, 2021 / 16:25 IST

Specialty chemicals company Tatva Chintan Pharma Chem has finalised the IPO share allotment today, July 27.

Here's how you can check the status:

The IPO share allocation can be checked on the BSE's websiteSelect Equity and Issue Name (Tatva Chintan); enter Application Number and PAN Number; click on the Search button to know the application status.

Alternatively, you can also check the allotment status on the IPO register's website by following a few easy steps. Investors have to first select either PAN, Application Number or DP Client ID; select company name (Tatva Chintan - IPO); enter either PAN Number, Application Number or DP Client ID; click on the Search button to know whether the shares were allotted to you or not.

The shares of Tatva Chintan will start trading on both BSE and NSE from July 29.

The Rs 500-crore public issue of Tatva Chintan was oversubscribed by 180.36 times during July 16-20 following a strong response from investors across the board.

Non-institutional investors put in bids 512.22 times their reserved portion, while the portion set aside for qualified institutional buyers was subscribed 185.23 times and that of retail 35.35 times.

On Tuesday, the shares of Tatva Chintan were trading at more than 100 percent premium in the grey market. On IPO Watch and IPO Central, the shares were trading at a premium of Rs 1,000-1,100/share. This equates to a price of Rs 2,083-2,183, a premium of 92.3 percent - 101.6 percent over the expected final issue price of Rs 1,083 per share.

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Moneycontrol News
first published: Jul 27, 2021 04:25 pm

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