Tatva Chintan Pharma Chem Ltd. IPO

It is India’s first and world’s second-largest commercial manufacturer of SDAs for zeolites (used in batteries).

RHP
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DRHP
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Open Date

2021-07-16

Close Date

2021-07-20

IPO Details

Check out the issue details for Tatva Chintan Pharma Chem Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 1083

Price Band

₹ 1073 - 1083

Issue Size

500 Cr.

Issue Type

Book Built

Open

2021-07-16

Close

2021-07-20

Listingprice

₹ 2111.85

ListingGain

95.00%

Listing Date

2021-07-29

CMP

₹ 1260.9

Current Return

16.43%

Company Financials

You can get the following financial statements of Tatva Chintan Pharma Chem Ltd. as of now.

Subscription Details

The valuation of Tatva Chintan Pharma IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 1083
Total Shares 2.22 Cr
Market Cap 2404 Cr
EPS  Rs 23.17 
PE Ratio 47x
Industry PE 56x

 

Tatva Chintan Pharma IPO issue size is 500 Cr. 

Issue Amount
Fresh Issue 225 Cr
Offer For Sale 275 Cr

 

An Individual can apply for a minimum 1 lot of 13 shares and a maximum of 14 lots of 182 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 13 Rs 14,079
 Maximum 14 182 Rs 1,97,106

 

Tatva Chintan Pharma IPO is subscribed 180.36 times till 20th July. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 50% 185.23 Times
Non-Institutional Minimum 15% 512.22 Times
Retail Individual Minimum 35% 35.53 Times
Total 100% 180.36 Times

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Tatva Chintan Pharma IPO:

Schedule Date
Basis of Allotment 26 August 2021
Refunds 27 August 2021
Credit to Demat Account 28 August 2021
IPO Listing Date 29 August 2021

When the allotment is out, you can check it from the registrar's website. Find the Tatva Chintan Pharma IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 202.9 253.84 291.19 427.81 403.04
Total Expenditure 169.71 201.14 225.8 321.81 348.23
Operating Profit 33.19 52.7 65.39 106.01 54.82
Other Income 0.44 0.56 5.1 10.63 5.68
Interest 3.94 4.25 4.41 5.19 8.52
Depreciation 4.02 4.79 6.73 8.18 9.55
Exceptional Items 0.75 0 0 0 -3.59
Profit Before Tax 26.43 44.22 59.35 103.27 38.83
Provision for Tax 6.24 9.25 7.99 7.28 -1.63
Net Profit 20.19 34.96 51.36 95.99 40.47
Adjusted EPS (Rs.) 1 1.74 2.56 4.33 1.83

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 8.04 8.04 20.09 22.17 22.17
Total Reserves 71.6 106.41 141.85 446.71 482.62
Borrowings 31.52 38.71 26.76 13.11 4.23
Other N/C liabilities 3.64 4.89 4.06 -8.05 -11.21
Current liabilities 72.57 87.26 127.08 193.55 244.7
Total Liabilities 187.36 245.31 319.83 667.49 742.5
Assets
Net Block 66.71 111.18 120.45 159.61 196.22
Capital WIP 6.04 4.89 9.81 51.49 230.74
Intangible WIP 0 0 0 0 0
Investments 0.67 0.67 0.67 0.67 0.67
Loans & Advances 0.38 0.17 0.3 2.09 2.85
Other N/C Assets 0 0 0 0.51 0.55
Current Assets 113.58 128.4 188.61 453.12 311.47
Total Assets 187.36 245.31 319.83 667.49 742.5
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 1.07 0.78 1.02 0.76 1.21
Profit Before Tax 13.15 6.89 11.72 11.71 6.56
Tax 2.6 -9.26 3.47 3.5 1.91
Profit After Tax 10.56 16.15 8.25 8.2 4.65
Adjusted EPS (Rs) 4.76 7.29 3.72 3.51 1.99

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 72.02 0
Sep 2023 72.02 0
Jun 2023 79.17 0
Mar 2023 79.17 0
Dec 2022 79.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 26.43 44.22 59.35 103.27 38.83
Adjustment 7.49 8.2 6.92 9.64 15.82
Changes in Assets & Liabilities -20.31 -20.4 -37.55 -75.18 -23.18
Tax Paid -5.74 -7.39 -9.82 -17.97 -7.74
Operating Cash Flow 7.87 24.64 18.91 19.76 23.73
Investing Cash Flow -16.77 -40.18 -20.61 -196.72 -101.13
Financing Cash Flow 17.4 9.7 -4.72 235.01 37.82
Net Cash Flow 8.5 -5.85 -6.42 58.05 -39.59
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