Tatva Chintan lists with a bang!

Tatva Chintan made a smashing debut on the bourses today, listing on the BSE at Rs.2111.80 v/s IPO price of Rs.1083, going up to an intraday Rs.2486.30, a whopping premium of 130% over the IPO price.

The IPO had received a fantastic response, subscribing 180.36 times, with HNIs portion subscribing 512.22 times, qualified institutional buyers (QIBs) by 185.23 times and retail investors at 35.35 times.

In our IPO Analysis, we had concluded, “Ongoing capex, attractive tax breaks and healthy margins, make the fundamentals sound. Valuation multiple on historic basis is in-line, but attractive over the medium term. Hence one may apply in the IPO with a long term view.”