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IPO

Specialty chemicals firm Tatva Chintan Pharma's Rs.500-Cr IPO subscribed 180 times

Economic Times  

The INR 500-crore initial public offer (IPO) of Vadodara-based specialty chemicals company Tatva Chintan Pharma Chem was subscribed 180 times. The portion reserved for non-institutional investors or high net worth individuals was subscribed 512 times. The retail investor category saw bids for 35 times the shares set aside for them. The qualified institutional buyers' segment was subscribed 185 times. The issue attracted bids for 58.83 crore shares, 180 times the issue size of 32.62 lakh shares. The IPO price band was INR 1,073-1,083 a share.