Tatva Chintan IPO: How to Check Allotment Status?

The initial public offering of Tatva Chintan Pharma, a speciality chemical manufacturer, was concluded on Tuesday, 20 July 2021. It witnessed a mammoth 180.36 times subscription, which propelled it to become the second-most subscribed IPO in 2021, after MTAR technologies.

Following an IPO’s closure, it takes about 6 days for the allotment to be finalised. After that, investors can check their allotment status online via different portals.

How to Check the Allotment Status of Tatva Chintan IPO?

One can check the allotment status online via the Angel One website or app or the BSE portal. Here are the details –

Via Angel One Website

Step 1: Log in to your investment account and go to the ‘Menu’ tab

Step 2: Click on ‘Investment opportunities’

Step 3: Open the IPO section

Step 4: Click on ‘Order Book’

After completing these steps, you can check your Tatva Chintan IPO allotment status.

Via BSE Website

Step 1: Visit the official website of BSE

Step 2: Click on the ‘Investors’ tab

Step 3: Go to ‘Investor services’ and click on ‘Status of issue application’

Step 4: Find the ‘Application Status Check’ option and click on it

Step 5: Select issue type from debt and equity, and select issue name from the dropdown

Step 6: Provide application number and PAN details and click on ‘Search’ to complete this process

After concluding these steps, you can check how many shares you have received compared to what you have applied for.

An Overview of Tatva Chintan IPO Subscription

On 20 July 2021, the subscription status for Tatva Chintan IPO stood at –

• Retail Individual Investors – 35.35 times
• Non-Institutional Investors – 512.22 times
• Qualified Institutional Buyers – 185.23 times

Tatva Chintan’s IPO included a public issue of 3,261,882 shares. Details of the offered shares during this IPO includes –

• Qualified Institutional Buyers – 931,966
• Non-Institutional Investors – 698,975
• Retail Individual Investors – 1,630,941

Allotment details of Tatva Chintan IPO are likely to be available from 26 July 2021, and the registrar will initiate refunds from 27 July 2021.

Summing Up

Following an overwhelming subscription, the grey market pricing for Tatva Chintan IPO is rising steadily. On the opening day of this IPO, i.e., 16 July 2021, the premium was about Rs. 600 and reached Rs. 730 on 20 July 2021, the last day.

On 22 July 2021, GMP of Tatva Chintan IPO hit Rs. 900, which is an almost 83% premium over its original price band of Rs. 1073 to 1083.

For more updates and news about IPOs and stock market, refer to the Angel One Blogs.

 

Frequently Asked Questions

1. What is the IPO issue size for Tatva Chintan?

The issue size for Tatva Chintan IPO is Rs. 500 crores.

2. What is the IPO listing date for Tatva Chintan?

The listing date for Tatva Chintan IPO is 29 July 2021.

3. Who are the investment bankers associated with this IPO?

ICICI Securities and JM Financial Consultants Private Limited are the investment bankers to Tatva Chintan IPO.

4. What is the face value of Tatva Chintan’s IPO?

The face value of Tatva Chintan IPO is Rs. 10 per share.