Tatva Chintan Pharma Chem Limited IPO : A Detailed Guide

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  • July 16, 2021
Tatva Chintan Pharma IPO

Tatva Chintan Pharma Chem Limited IPO: Issue Date, Share Price, Company Details

Symbol TATVA
Issue Period 16th July 2021 to 20th July 2021
Bidding start date for anchor investors  15th July 2021
Type of Issue 100% book building issue
Price Range Rs.1073 to Rs.1083
Bid Lot 13 equity shares and thereafter in  multiples of 13
Minimum Order Quantity 13 shares
Ticket Size Re. 1
Face Value of the Shares Rs.10
Maximum Investment for a Retail Investor Rs.2 lakh
IPO Market Timing  10 a.m. to 5 p.m.

IPO

IPO stands for Initial Public Offering. It is a fresh issue of equity shares by an unlisted company to get listed on the stock exchange. If a privately held company wants to go public and offer its shares to retail investors, it has to launch an IPO.

An IPO is a good way for companies to not only list themselves on the stock exchange but also to raise funds for expansion and growth. Moreover, if the initial promoters or investors of the company are looking to disinvest or dilute a part of their stakeholding, they can offer their stake for sale through an Offer for Sale when the IPO is launched.

About Tatva Chintan Pharma Chem

Located in Gujarat, Tatva Chintan Pharma Chem is a chemical manufacturing company. It manufactures different types of chemicals like structure-directing agents (SDAs), agrochemical intermediates, phase transfer catalysts (PTCs), supercapacitor batteries, and electrolyte salts. The company is the largest manufacturer of SDAs for zeolite in India. Globally, the company ranks in the second position. The chemicals manufactured by Tatva Chintan Pharma Chem are used across different segments of the industrial landscape like pharmaceuticals, paints and coatings, petroleum, automotive, personal care, agrochemicals, fragrances and flavours, etc.

Some of the company’s clientele includes the following –

  • Ipox Chemicals
  • Bayer AG
  • Navin Fluorine International Limited
  • SRF Limited
  • Merck
  • Laurus Labs

Besides the Indian market, Tatva Chintan Pharma Chem also exports its chemicals globally to more than 25 countries. Some of its importers include the USA, UK, China, South Africa, and Germany. 

Presently, the company has two chemical manufacturing units at Dahej and Ankleshwar, both situated in Gujarat. As of December 2020, the installed production capacity of Tatva Chintan Pharma Chem was 280 KL with 13 assembly lines.

The funds raised from the IPO are intended to be used to expand its Dahej unit and upgrade the R&D facility located in Vadodara. For the expansion of the Dahej unit, the company aims to increase the production capacity to 480 KL and add 14 more assembly lines.

For the financial year ending on 31st March 2021, exports contributed to 70.58% of the company’s aggregate revenue. Other financial details of Tatva Chintan Pharma Chem are as follows –

Financial year Total revenue (Rs. crores) Total assets (Rs. crores) Profit after Tax (Rs. crores)
2018-19 306.29 314.80 20.54
2019-20 264.62 248.93 37.79
2020-21 206.80 187.50 52.26

Tatva Chintan Pharma Chem IPO Date and Price

The Tatva Chintan Pharma Chem Ltd. IPO will be open for retail investors from 16th July 2021 and will close on 20th July 2021. Anchor investors can start the bidding from 15th July 2021 itself. 

The total size of the Tatva Chintan Pharma Chem Ltd IPO is Rs.500 crores. Of this, shares worth Rs.225 crore will be a fresh issue of equity, and the remaining Rs.275 crores will be issued as an Offer for Sale by the existing promoters and shareholders of the company. Moreover, 50% of the issue size will be allocated proportionately to qualified Institutional buyers (QIB). A minimum of 15% of the issue would be offered to non-institutional bidders and the remaining to retail investors.

Though the Tatva Chintan Pharma share price for the IPO ranges between Rs.1073 to Rs.1083, a retail investor looking to subscribe to the IPO would have to invest in at least one lot consisting of a minimum of 13 shares. 

How to apply for Tatva Chintan Pharma Chem IPO with TradeSmart?

TradeSmart offers you a simple and hassle-free process to subscribe to the Tatva Chintan Pharma IPO. Here’s how you can do so – 

  • Visit the TradeSmart website and create your online account. Open a Demat account if you don’t have one already.
  • TradeSmart’s Box portal allows you to invest in an IPO. Log into your online TradeSmart account.
  • On the home page, under the ‘Portfolio’ option, click on ‘IPO’. You will be able to check out all the current and IPOs listed therein.
  • Choose Tatva Chintan Pharma Chem Ltd. IPO and click on ‘Bid’.
  • Provide your UPI ID and enter your bid and the price at which you want to invest.
  • You will get a mandate request for your UPI ID. Accept it to proceed with the payment.
  • Once the payment is made, your bid will be completed. You will receive an SMS notification on your registered mobile number, and you will also be able to check your bid under the ‘My Applications’ tab.

So, now that you know the complete details of the Tatva Chintan Pharma Chem Ltd. IPO, you can easily begin investing online through TradeSmart and enjoy the benefits of the lowest brokerage charges.

FAQs

What is the Tatva Chintan Pharma Chem IPO date for bidding?
The Tatva Chintan Pharma Chem IPO Launch Date is 16th July 2021, and it will be open for bidding for five days. It will close on 20th July 2021.

What is the Tatva Chintan Pharma Chem IPO price band?
The Tatva Chintan Pharma Chem IPO price band of each share is between Rs.1073 and Rs.1083.

Who are the book-running managers of the IPO?
J.M. Financial Limited and ICICI Securities Limited are the book-running managers of the IPO.

What is the name of the registrar?
The registrar for the Tatva Chintan Pharma Chem IPO is Link Intime India Private Limited.

What are the minimum order quantity and the lot size of the IPO?
Retail investors can bid for a minimum of one lot consisting of 13 shares.

What is the date of allotment?
The date of allotment is 26th July 2021.

What are the minimum and maximum subscription amounts for retail investors?
The minimum investment is Rs.14,079 for one lot of 13 shares. The maximum investment is limited to 14 lots of 13 shares each at Rs.197,106.

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