Tatva Chintan Pharma Chemicals Ltd to open its IPO tomorrow

Book Running Lead Managers (BRLM) for Tatva Chintan Pharma Chem Ltd IPO are ICICI Securities Limited, JM Financial Limited. Meanwhile, the sponsor bank is ICICI Bank Limited.

Earlier, today in a day a specialty of chemicals manufacturing company Tatva Chintan Pharma Chem Ltd is all set to launch its Initial Public Offering on Friday 16th July, and the public issue will end on Tuesday 20th July.

They have urged all retail investors who wish to invest in this issue to be open and can make payments through UPI mode. Besides this, all other categories of investors are in mandator use only though which the Application Supported by Blocked Amount facility is used for making payments.

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The categories of investors who are allowed to participate in this public issue include FI, IC, MF, FII, OTH, CO, IND, and NOH.

The Structure of an IPO is as follows:

Issue Period – 16 July 2021 to 20 July 2021
The Post issue Modification Period is scheduled on – 22 July 2021 between 10 am and 11 am
Cut-off time for UPI Mandate Confirmation will be taken on– 22 July 2021 up to 12 pm
Issue Size – IPO of equity shares aggregating up to Rs 500 cr comprising a fresh Issue of up to Rs 225 cr and an Offer for Sale of up to Rs 275 crore
Issue Type – 100 percent Book Building
Price Range – Rs 1073 to Rs 1083
Face Value – Rs 10 per share
Tick Size is, Re 1 per share
Bid Lot 13 equity shares and in multiples thereof
Minimum Order Quantity is set at – 13 equity shares
Maximum Subscription Amount for Retail Investor – Rs 200,000
IPO Market Timings – 10 am to 5 pm

Thus, the finalization of share allotment is looking forward to being on 27 July and its initiation of refunds is scheduled on 28 July.

Therefore, Shares will be transferred into the accounts of subscribers on 29 June as expected, and also the listing is expected to happen on 30 July.