Specialty chemical compounds enterprise Tatva Chintan Pharma Chem is predicted to finalise the IPO percentage allotment today, July 26.

Its Rs 500-crore public trouble obtained overwhelming reaction from traders because it changed into oversubscribed via way of means of 180.36 instances at some point of July 16-20, the second one maximum subscription in 2021 after MTAR Technologies.

Non-institutional traders have installed bids 512.22 instances their reserved component, at the same time as the component set apart for certified institutional consumers changed into subscribed 185.23 instances and that of retail 35.35 instances.

The provide comprised a sparkling trouble of Rs 225 crore and a proposal on the market of Rs 275 crore via way of means of current promoting shareholders. The internet proceeds from sparkling trouble may be utilised for enlargement of Dahej production facility; upgradation of R&D facility in Vadodara; and wellknown company purposes.

The enterprise will finalise the IPO percentage allotment on July 26, as in line with the time table furnished withinside the prospectus. The allotment may be checked both on BSE internet site or IPO registrar.

On the IPO registrar internet site, that’s Link Intime, traders need to first pick enterprise name – Tatva Chintan Pharma Chem Limited, withinside the dropdown menu withinside the Select enterprise field. Then select among PAN Number or Application Number or DP/Client ID or Account No/IFSC. After including the info of the opted document, click on on Submit to recognize the utility status.

On the BSE internet site, one has to first pick Equity withinside the Issue kind field. In the Issue Name field, pick Tatva Chintan Pharma Chem. Then input your Application Number and PAN Number, and eventually click on at the Search button.

After the allotment, Tatva Chintan will refund cash to ineligible traders round July 27 and could credit score fairness stocks to eligible traders’ demat bills on July 28.

And eventually the stocks will make a debut on July 29.

In the gray market, the stocks had been to be had at a top class of Rs 1,000, the IPO Watch records showed. This resulted right into a rate of Rs 2,083, a 92.three percentage top class over trouble rate of Rs 1,083 in line with percentage.

Tatva Chintan is a distinctiveness chemical compounds production enterprise engaged withinside the manufacture of a numerous portfolio of shape directing agents (SDAs), section switch catalysts (PTCs), electrolyte salts for splendid capacitor batteries and pharmaceutical and agrochemical intermediates and different distinctiveness chemical compounds (PASC).

It is the biggest and handiest business producer of SDAs for zeolites in India. It additionally enjoys the second one biggest role globally. In addition, it’s far one of the main international manufacturers of a whole variety of PTCs in India and one of the key manufacturers throughout the globe.