Tatva Chintan IPO: Did You Invest In Pharma Firm? Here's How To Check Your Allotment Status

The opening price band of Tatva Chintan's IPO was Rs 1073-Rs 1083 per equity share, while the GMP was Rs 1,000.

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Tatva Chintan IPO: Tatva Chintan Pharma Chem. Ltd. entered the stock market on 16 July with an IPO of Rs 500 crore. The IPO was received positively with a subscription of 180.36 percent. The chemical maker's stock bidding pushed up the grey market premium (GMP) to nearly 100 percent of the opening price band. 

The open price band with the IPO was Rs 1,073 to Rs 1,083 per equity share, while the GMP was Rs 1,000. The share is trading at the grey market in the range of Rs 2,073 and Rs 2,083 per share. According to reports, the company is filing its basis of allotment today. 

Subscription multiple times higher than Issue

Qualified Institutional Buyers (QIBs) had reserved 50 percent stake in the Tatva Chintan IPO. Non-Institutional Investors (NIIs) had 15 percent and retail investors had the remaining 35 percent of subscription. According to reports, the issue was subscribed 35.35 times in the retail category, 185.23 times in the QIB category and 512.22 times in the NII category. Tatva Chintan is to be listed on the stock exchange on July 29.  However, it is yet to be confirmed.

How to check allotment status on Bombay Stock Exchange (BSE) website?

• First of all, visit BSE's official website through the URL given below.   https://www.bseindia.com/investors/appli_check.aspx
• This link will take you to the 'Status of Issue Application' page. There, you need to select the 'Equity' option
• Click on 'Tatva Chintan Pharma Chem. Ltd.' in the issue name dropbox
• Then, enter your application number and PAN number
• To verify yourself, click on I am not a robot and then click on search. You will then see the application status

How to check on Issue Registrar website?

• First of all, you need to go to the Link Intime India website through the URL given below https://linkintime.co.in/MIPO/Ipoallotment.html
• After that, select Tatva Chintan Pharma Chem. Limited IPO option in the drop-down list
• To verify yourself, you need to enter one of the four provided credentials. These credentials include PAN number, your application
• Number, DP Client ID or IFSC Code/ Account Number
• After that, select the application type and enter its details
• Following this, you need to enter the captcha code and click on the 'Submit' button