Tatva Chintan Pharma Chem’s initial public offering saw strong demand, as the IPO was fully subscribed in the initial hour of bidding on the first day itself. Another big-bang opening for an IPO this week as Zomato’s public offer, too, draws an enthusiastic response.
The offer was subscribed 1.06 times on the morning of July 16 as investors put in bids for 34.59 lakh equity shares against the IPO size of 32.61 lakh equity shares, data available on the exchanges showed.
The demand from retail investors remained strong for the specialty chemical company, as their reserved portion was subscribed 2.1 times.
News Source:- Moneycontrol