Tatva Chintan Pharma Chem IPO
Tatva Chintan Pharma Chem Limited (TATVA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 July 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +51.2% (likely range +42% to +120%), day's high +62.1%, chance of a gain 97%. Actual: +95.0% at the open, +134.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 9,31,966 | 17,26,28,313 | 185x | |
| NII (HNI) total | 6,98,975 | 35,80,28,073 | 512x | |
| Retail | 16,30,941 | 5,76,52,010 | 35.3x | |
| Total | 32,61,882 | 58,83,08,396 | 180x |
Bids on NSE and BSE together, as published by NSE, as of 20 Jul 2021, 05:00 PM. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Tatva Chintan Pharma Chem's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Mrs. Bectors Food SpecialitiesDec 2020 | 177x | 621x | 29.3x | 198x | ₹544 Cr | +73.6% | +108.3% |
| Central Depository Services (India)Jun 2017 | 149x | 563x | 23.8x | 170x | ₹524 Cr | +67.8% | +81.2% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Ujjivan Small Finance BankDec 2019 | 111x | 473x | 49.1x | 166x | ₹771 Cr | +58.8% | +69.7% |
| Capacit'e InfraprojectsSep 2017 | 131x | 638x | 17.6x | 183x | ₹408 Cr | +59.6% | +59.6% |
| Mazagon Dock ShipbuildersOct 2020 | 89.7x | 679x | 35.6x | 157x | ₹773 Cr | +48.2% | +49.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Tatva Chintan Pharma Chem IPO price band and lot size? ₹1,073–1,083 per share, with a lot of 13 shares, so the smallest retail bid is ₹14,079.
How many times has it been subscribed? 180x overall: QIB 185x, NII 512x, retail 35.3x.
How did it list? It opened at ₹2,112, +95.0% against the issue price of ₹1,083, and closed its first day +113.5%.
