Gujarat-based specialty chemical manufacturer Tatva Chintan Pharma Chem got listed at Rs 2,111.85, marking a premium of 95% on the NSE.
Tatva Chintan Pharma Chem received bids for 1.46 crore shares as against 32.61 lakh shares on offer on Friday
The portion reserved for retail investors was subscribed 1.65x as retail investors placed bids for 26,85,241 shares compared to 16,30,941 shares
In the grey markets, the share was quoting at Rs 1,783 to Rs 1803 commanding a premium of Rs 710-720 or 66% over its issue price
The price band for the pharma chemical company has been fixed at Rs 1,073-1,083 per share. The issue opens on July 16 and closes on July 20