Tatva Chintan Pharma grey market premium indicates solid gain on listing; check your share allotment status

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Tatva Chintan Pharma Chem is trading at a premium of Rs 1,140 in the grey market ahead of its likely share allotment on Monday. Earlier, the public offer of the company got subscribed over 180 times on the last day of the issue on July 20. Shares of the company are likely to list on July 29 on the BSE and NSE both.

The initial share sale received bids for 58,83,08,396 shares against 32,61,882 shares on offer, as per data available with the stock exchanges. The quota reserved for qualified institutional buyers was subscribed 185.23 times, non-institutional investors 512 times and retail individual investors quota received 35.35 times subscription. The company had fixed a price band of Rs 1,073-1,083 per share.

Abhay Doshi, founder, Unlisted Arena told Money9.com that Tatva Chintan Pharma Chem is available at a premium of Rs 1,140 in the grey market.

IPO frenzy investors are now looking forward to know whether they were lucky enough to get an allotment in a highly subscribed Tatva Chintan Pharma Chem IPO. Here are two options, through which investors can check their application status:

Check IPO allotment on registrar’s website

Go to the website of the IPO registrar, Link Intime India or click on https://linkintime.co.in/IPO/public-issues.html

Select IPO (Tatva Chintan Pharma Chem)

Then, select one of the options from PAN, application number, DP/Client ID, account number or IFSC code. Then enter the necessary details and click on the submit button to know the IPO share allotment status.

Check IPO allotment through BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application

Status Check or (visit the link: https://www.bseindia.com/investors/appli_check.aspx)

Select issue type (equity) and Issue Name (Tatva Chintan Pharma Chem).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status.