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Tatva Chintan Pharma IPO


Tatva Chintan Pharma

Tatva Chintan Pharma IPO Date, Review, Price, Form & Market Lot Details

Tatva Chintan Pharma IPO to hit the market on 16 July 2021 and closes on 20 July 2021. The company to raise ₹450 crores via initial public offer. The price band is fixed at ₹1073 to ₹1083 per equity share with face value of ₹10.
Tatva Chintan Pharma IPO may hit the market on 16th July 2021. The company to raise ₹450 via initial public offer that comprises ₹225 crore of fresh issue and ₹225 crore of offer for sale. Tatva Chintan Pharma Chem Limited incorporated in 1996 based in Gujarat. They are manufacturer of chestructure directing agents (SDAs), phase transfer catalyst (PTCs), pharmaceutical and agrochemical intermediates, and other specialty chemicals. They are one of the largest manufacturer of SDAs for zeolites in India. The industries they serve are automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings, pharmaceutical, personal care, and others. They provide their products to India and overseas. The export revenues is around 75% and more for the company. They have 2 manufacturing facilities  at Ankleshwar and Dahej in Gujarat. Check out Tatva Chintan Pharma IPO details.

Customers List:
The few of the big names are their customer and the names are Merck, Bayer AG, Ipox Chemicals, Laurus labs, Navin Fluorine International Limited, Atul Limited, Otsuka Chemicals, SRF Limited, Hawks Chemical Company, Firmenich Aromatics Prod Pvt Ltd, and Divi's laboratories.

Important Details:
Equity Shares outstanding prior to the Issue = 2,00,87,500 Shares
Fresh Issue of 20,77,562 Shares @1,038 = Rs.225 Crore
Offer for Sale of 25,39,242 Shares @1,038 = Rs.275 Crores
Equity Shares outstanding after the Issue = 2,21,65,062 Shares

Category-wise Break up:
Anchor: 13,85,041 Shares = 150.00 Crores
QIB: 9,23,361 Shares = 100.00 Crores
NII: 6,92,521 Shares = 75.00 Crores
RII: 16,15,881 Shares = 175.00  Crores (Lot size: 13 = 1,24,299 Forms)
Total Issue: 46,16,804 Shares = 500.00 Crores

Subscription required for 1X
RII = 1,24,299 Forms
NII = 75 Crores

Listed Industry Peer Group :
Aarti Industries
Navin Fluorine International
Alkyl Amines Chemicals
Vinati Organics
Fine Organics Industries

Over Subscription Estimates*:
NII = 20K Crores. = 266.00X*
RII = 20 Lakh Forms = 17.00X* Application wise

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