Tatva Chintan Pharma Chem IPO subscription status day 1: FULLY SUBSCRIBED within hours of opening—check all key details

Tatva Chintan Pharma Chem Ltd IPO received massive response on its opening day as the Initial Public offering was fully subscribed within hours of opening on Friday, July 16, 2021. As per the NSE consolidated bid details, Retail Individual Investors(RIIs) portion was subscribed whooping 2.65 times within hours as a specialty chemical firm received 43,29,208 bids as against 16,30,941 reserved for them.  Similarly, overall issue was subscribed 1.34 times as against 32,61,882 shares offerings, Tatva Chintan Pharma Chem Ltd IPO recived 43,78,842 bids.  

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Tatva Chintan Pharma Chem Ltd IPO will close on Tuesday (20 July). Retail investors who wish to invest in this issue are required to make payments through UPI mode. All other category of investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments. 

Tatva Chintan Pharma Chem Ltd IPO Key Details 
Symbol - TATVA  
Issue Period - 16 July 2021 to 20 July 2021  
Post issue Modification Period – 22 July 2021 between 10am and 11 am  
Cut-off time for UPI Mandate Confirmation – 22 July 2021 up to 12 pm  
Issue Size - Initial Public offer of equity shares aggregating up to Rs 500 cr comprising a fresh Issue of up to Rs 225 cr and an Offer for Sale (OFS) of up to Rs 275 crore  
Issue Type – 100 per cent Book Building  
Price Range – Rs 1073 to Rs 1083  
Face Value - Rs 10   
Tick Size - Re 1  
Bid Lot 13 equity shares and in multiples thereof  
Minimum Order Quantity - 13 equity shares  
Maximum Subscription Amount for Retail Investor - Rs 200,000  
IPO Market Timings – 10 am to 5 pm