Tatva Chintan Pharma Chem Ltd IPO: For those who miss allotment, IMPORTANT information on refunds – take a look!

Tatva Chintan Pharma Chem Ltd IPO: The Initial Public Offering (IPO) of Tatva Chintan Pharma Chem has received tremendous response from the retail individual investors (RIIs) and the shares were subscribed 17.06 times. It is likely that the many investors may not get allotment of shares. If you are wondering what will happen to the payment and by when will you getting the refunds… here is the answer.    

While the allotment is expected to get completed by 26 July (Monday) according to Zerodha and by 27 July as per Edelweiss App, one must keep an eye on these two dates. We will also tell how to check the allotment status.

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For those investors who are not allotted the shares, initiation of refunds will likely begin on 28 July as per Edelweiss while Zerodha puts it on 27 July.  

Transfer of IPO shares to demat accounts will likely be on 29 July as per Edelweiss while Zerodha puts it on 28 July. IPO Listing date is 30 July as per Edelweiss while Zerodha puts it on 29 July.   

The issue ended on Tuesday (20 July). The Price Range of the equity shares is Rs 1073 to Rs 1083. The public issue was subscribed 107.33 times. The non-institutional investors subscribed the Tatva Chintan IPO shares 374.95 times. Qualified Institutional Buyers (QIBs) have subscribed this issue 64.59 times.  

Tatva Chintan Pharma Chem Ltd IPO - Know how to check allotment  

Step 1: Visit the link: bseindia.com/investors/appli_check.aspx on BSE official website.   

Step 2:  In the dropdown menu select 'Equity' for issue type   

Step 3: Now, select the name of the IPO, which is Tatva Chintan Pharma Chem Ltd' in this case   

Step 4: Here, you will be asked to verify application number & PAN number   

Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen  

Steps to check Tatva Chintan Pharma Chem Ltd Allotment on Link Intime:   

Step 1: Visit Link Intime India Private Limited IPO allotment link: ris.Linkintime.com/ipostatus/   

Step 2: Again, select IPO Name- Tatva Chintan Pharma Chem Ltd '    

Step 3: Here, fill in details such as PAN number, application number or DP ID    

Step 4: Now, click on 'Search' Button. You can now see your IPO Allotment on the screen. 

This public issue comprised of equity shares aggregating up to Rs 500 cr out of which there is a fresh Issue of up to Rs 225 cr and an Offer for Sale (OFS) of up to Rs 275 crore. The issue type is 100 per cent Book Building.