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Market volatility and surfeit of primary issuances to dominate markets

Market volatility and surfeit of primary issuances to dominate markets
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

Four IPOs to open next week: Devyani International, Krsnaa Diagnostics, Windlas Biotech, Exxaro Tiles

Four IPOs to open next week: Devyani International, Krsnaa Diagnostics, Windlas Biotech, Exxaro Tiles
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Tatva Chintan Listing: Tatva Chintan lists at 95% premium over issue price

At the issue price, the Tatva Chintan commanded a PE of 41.62 times and a market-cap of Rs 2,400 crore compared with listed peers Aarti Industries 63 times and Navin Fluorine International at 61.4 times. Astha Jain of Hem Securities advised long-term investors to pare at least 50 per cent of their holdings. Investors, who were seeking listing gains only, should book 100 per cent profits on Day 1 itself, she said. The Rs 500 crore IPO, which was sold from July 16 to 20, saw strong demand. Overall, the issue was subscribed over 180 times, with the quota reserved for qualified institutional buyers (QIBs) 185.23 times while the one reserved for non-institutional investors (NIIs) 512.22 times. The retail quota was subscribed 35.35 times.

Tatva Chintan makes blockbuster debut on D-Street, investors money doubles

UPDATED: July 29, 2021 12:38 IST Tatva Chintan IPO investors rejoiced after the company made a stellar debut on the stock market. (Photo: Reuters) Shares of speciality chemical manufacturer Tatva Chintan Pharma Chem made a bumper debut on the stock market on Thursday, doubling the money of people who invested in the company’s initial public offering (IPO). The shares of Tatva Chintan listed on the National Stock Exchange (NSE) at Rs 2,111.8 per share a 95 per cent premium over the IPO issue price of Rs 1,083 per equity share. On the Bombay Stock Exchange (BSE), shares of the company got listed at Rs 2,416, up over 120 per cent on the issue price.

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