Tatva Chintan Pharma Chem’s GMP rises to 64% as IPO opens
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Synopsis
Most analysts have advised investors to subscribe to the Rs 500 crore initial public offering (IPO). The price band of the issue has been fixed at Rs 1,073-1,083 a share. Bids can be made for a minimum of 13 shares and in multiples thereafter.
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The company is going to list at a PE of 41.62 times with a market-cap of Rs 24,00.47 crore, while its peers – namely Aarti Industries and Navin Fluorine International – trade at PE values of 59.54 times and 73.95 times, respectively.
Related
NEW DELHI: While the frenzy over Zomato IPO hasn’t died down yet, investors and analysts are upbeat about another issue that will open on Friday and run through Tuesday: Tatva Chintan Pharma Chem.