Tatva Chintan Pharma Chem IPO Details with Share Price Range and Issue Size
Tatva Chintan Pharma Chem IPO Details with Share Price Range and Issue Size

Tatva Chintan Pharma Chem IPO Details with Share Price Range and Issue Size

Opening Date

July 16, 2021

Closing Date

July 20, 2021 

Face Value

Rs. 10 per equity share

IPO Price Band 

Rs. 1,073 to Rs. 1,083 per equity share

Minimum Order Quantity

13 equity shares 

Issue Size 

Rs. 500 crores

 

Going live along with the public issue of Zomato in July, 2021 is the latest IPO from Tatva Chintan Pharma Chem Limited. Here’s a look at some of the most important Tatva Chintan Pharma Chem IPO details.   

  • About the company 

Another chemical manufacturing company from the state of Gujarat, Tatva Chintan Pharma Chem was incorporated in 1996. The primary business of the company is the manufacture of specialty chemicals such as phase transfer catalysts (PTCs), intermediates, and structure directing agents (SDAs). 

The products that the company manufactures are widely used in a number of industries such as petroleum, automotive, agriculture, pharmaceutical, paints and coatings, and even personal care. In addition to distributing its products in India, Tatva Chintan Pharma Chem also exports them to countries such as South Africa, USA, Germany, China, and the United Kingdom.  

  • Tatva Chintan Pharma Chem IPO details

Let’s now move onto the key details of the upcoming IPO including the Tatva Chintan Pharma Chem IPO date and Tatva Chintan Pharma Chem IPO share price. 

  • Tatva Chintan Pharma Chem IPO date

The company has notified the opening date of its latest IPO as July 16, 2021, whereas the closing date would be July 20, 2021.  

  • Tatva Chintan Pharma Chem IPO issue size

The IPO issue of Tatva Chintan Pharma Chem consists of both a fresh issue of shares and an offer for sale from its promoters. The fresh issue component of the upcoming IPO is likely to net the company around Rs. 225 crores. And as for the OFS component, equity shares worth around Rs. 275 crores are likely to be sold through this issue, bringing the total issue size of the IPO to Rs. 500 crores. 

  • Tatva Chintan Pharma Chem IPO share price

The company has also notified the IPO price band in a press release. The price band would be Rs. 1073 to Rs. 1083 per equity share.

  • Tatva Chintan Pharma Chem IPO listing 

Since it is a mainboard IPO, the shares of the company would be listed on both the NSE as well as the BSE. 

  • Tatva Chintan Pharma Chem IPO objectives

The company is looking to use the net proceeds from the IPO for the following objectives. 

1.For funding the upgradation of its R&D facilities in the Vadodara manufacturing plant
2. For funding the expansion of its manufacturing facility in Dahej
3. For meeting general corporate expenses

Conclusion

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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