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IPO: Another earning opportunity, Tatva Pharma’s IPO is opening on 16

In this week, another company Tatva Chintan Pharma Chem Ltd is also launching its IPO. The investment opportunity in this IPO will be available fr…

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IPO: Another earning opportunity, Tatva Pharma's IPO is opening on 16

There are many earning opportunities in the stock market at this time. Companies are constantly launching their own IPOs. In this week, another company Tatva Chintan Pharma Chem Ltd is also launching its IPO. The investment opportunity in this IPO will be available from July 16, 2021. It is a pharma company, and nowadays pharma sector is in huge demand. In such a situation, investors can expect that they can get profit on investment in this IPO. If you want to invest in Tatv Chintan Pharma Chem Ltd IPO, then you can get complete details here.

What will the company do with the money?

Tatva Chintan Pharma Chem has said that it will expand its production facility at Dahej with the proceeds of the IPO. Apart from this, it will further strengthen its research center in Vadodara. Tattva Chintan Pharma Chem Ltd exports most of its products to 25 countries. The list of the company’s customer countries includes countries like the US, China, Germany, Japan, South Africa and the UK.

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Know the size of this IPO

According to the information, the size of the IPO of Tattva Chintan Pharma Chem is Rs 500 crore. The company’s IPO will open for investment on 16 July 2021 and can be invested till 20 July. Thus, there will be 5 days investment opportunity in this IPO.

Know Price Bank of Tattva Chintan Pharma Chem IPO

In this IPO of Rs 500 crore of Tattva Chintan Pharma Chem Ltd, the company will allot its shares between Rs 1073 to Rs 1083. This price is fixed by the bank company. Investors can apply for a minimum of 13 shares in the retail category. In the retail category, investors can apply for shares in multiples of 13. The company’s IPO will be listed on both the BSE and NSE stock exchanges.

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Know how much share is decided for which type of investors

50 percent stake in Tatva Chintan Pharma Chem Ltd IPO has been reserved for QIB category investors. At the same time, 25 percent of the share has been kept reserved for retail investors. Whereas 25 per cent is reserved for non-institutional investors. As far as the financial performance of the company is concerned, it has registered a profit of Rs 37.78 crore in the financial year ended March 31, 2020.

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