Tatva Chintan Pharma Chem Ltd IPO Date & Price Band, Market Lot, Allotment & Listing details

Tatva Chintan Pharma Chem Ltd. IPO open in the market for Subscription as on 16th July 2021 and closes on 20th July 2021. The company plan to raise Rs. 500 crores from market via initial public offer with price band of Rs. 1073 to 1083 per equity share.

About Tatva Chintan Pharma Chem Ltd.

Company was incorporated as ‘Tatva Chintan Pharma Chem Private Limited’ pursuant to a certificate of incorporation dated June 12, 1996 issued by the Registrar of Companies, Gujarat and Dadra & Nagar Haveli at Ahmedabad (“RoC”). Thereafter, pursuant to the conversion of Company to a public limited company, the name of Company was changed to ‘Tatva Chintan Pharma Chem Limited’, and a fresh certificate of incorporation dated February 26, 2021 was issued to Company by the RoC

Company are a specialty chemicals manufacturing company engaged in the manufacture of a diverse portfolio of structure directing agents (“SDAs”), phase transfer catalysts (“PTCs”), electrolyte salts for super capacitor batteries and pharmaceutical and agrochemical intermediates and other specialty chemicals (“PASC”). Our Company is the largest and only commercial manufacturer of SDAs for zeolites in India. It also enjoys the second largest position globally. (Source: F&S Report) In addition, our Company is one of the leading global producers of an entire range of PTCs in India and one of the key producers across the globe. (Source: F&S Report) As a manufacturer of specialty chemicals, we focus on application of our products which form a key ingredient to our customers’ manufacturing and industrial processes. For instance, our SDA and PTC products have various applications in green chemistry, which is pertinent considering the growing focus on green and sustainable technologies. We continuously strive to improve our processes and infrastructure to help reduce our impact on the environment and have accordingly, undertaken various ‘green’ chemistry processes such as electrolysis.

Company is promoted by his Promoter, who each have over 24 years in the specialty chemicals manufacturing industry and have established strong business relationships with domestic as well as overseas customers. In addition, we are led by a well – qualified and experienced management team, which we believe has demonstrated its ability to manage and grow our operations and has substantial experience in the sectors in which we operate. We believe that the knowledge and experience of our management team provides us with a significant competitive advantage as we seek to grow our business.

The company’s products – 138 as of 31 December 2020 – are used across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavour and fragrances industries. Apart from serving the domestic market, the company exports its products to over 25 countries, including the USA, China, Germany, Japan, South Africa, and the UK. During the nine months ended 31 December 2020, exports of products accounted for 70.7% of its revenue from operations.

Company Promoters:

Ajaykumar Mansukhlal Patel, Chintan Nitinkumar Shah and Snehkar Rasiklal Somani are the company promoters.

Subsidiaries of Company

1. Tatva Chintan USA, Inc. (“TC USA”)
2. Tatva Chintan Europe B.V. (“TC Europe”)

Tatva Chintan Pharma Chem Ltd IPO Date & Price Band, Market Lot, Allotment & Listing details:

IPO Open	16th July 2021
IPO Close	20th July 2021
IPO Size	Rs.500 Crores
Fresh Issue	Rs.225 Crores
Offer for Sale	Rs.275 Crores
Face Value	Rs.10 Per Equity Share
Price Band	Rs.1073 to Rs.1083 Per Share
Listing on	BSE & NSE
Retail Quota & Lots	35% - 1,24,299 Lots
Employee Disc	Rs. - per share
Total Share Issue	46,16,804 Shares
Minimum Lot Size	Mini. 13 Shares -  1 Lots
Minimum Amount	Rs. 14,079/-
Maximum Lot Size	Maxi. – 182 Shares – 14 Lots
Maximum Amount	Rs.1,97,106/-
Basis of Allotment	26th July 2021
Refunds	27th July 2021
Credit to Demat A/c	28th July 2021
Listing Date	29th July 2021

Company Audited Financials Summery:

Summary of financial Information (Restated Consolidated)

Rs. in Crores
	FY2018	FY2019	FY2020	FY2021
Revenue	137.3	206.8	264.6	306.3
Expenses	118.3	180.2	217	245.6
Net income	12.3	20.5	37.6	52.4
NI Ratio (%)	8.96%	9.91%	14.21%	17.11%
EPS	6.12	10.23	18.81	26.02

Objectives of the IPO:
The Net proceeds of IPO will be utilized for the following purposes;

• Funding capital expenditures requirements for expansion of Dahej manufacturing facility.
• Funding capital expenditures requirements to upgrade R&D facilities in Vadodara.
• To meet general corporate purpose

Company Contact Information

Tatva Chintan Pharma Chem Limited
Plot No. 353, Makarpura GIDC,
Vadodara, Gujarat – 390 010
Phone: +91 75748 48533
Email: cs@tatvachintan.com
Website: www.tatvachintan.com

IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: tatva.ipo@linkintime.co.in
Website: http://www.linkintime.co.in


FAQs on Tatva Chintan Pharma Chem IPO

When Tatva Chintan Pharma Chem IPO will open for retail Investors?
The IPO is to open for subscription on 16th July 2021 for all type Investors.

What is Tatva Chintan Pharma Chem IPO Investors Quota?
The investors' Quota for QIB 50%, NII 15%, and Retail 35%.

What is Tatva Chintan Pharma Chem IPO Size for retail?
Tatva Chintan Pharma Chem IPO size is Rs.500 crores and for retail is Rs.175 crores.

What is Tatva Chintan Pharma Chem IPO offer Price ?
Tatva Chintan Pharma Chem IPO offer Price is Rs.1073 to Rs.1083.

What is Tatva Chintan Pharma Chem IPO Minimum Lot Size?
The minimum order quantity is 13 Shares with Rs.14,079.

What is Tatva Chintan Pharma Chem IPO Allotment Date?
Tatva Chintan Pharma Chem IPO allotment date is 26 July 2021.

What is Tatva Chintan Pharma Chem IPO Listing Date?
Tatva Chintan Pharma Chem IPO listing on NSE & BSE as on 29th July 2021.

How to Apply IPO Application?

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