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TATVACHINTAN PHARMA CHEM LIMITED

Our Company was incorporated as "Tatva Chintan Pharma Chem Private Limited" pursuant to a certificate of incorporation dated June 12, 1996 issued by the Registrar of Companies Gujarat and Dadra & Nagar Haveli at Ahmedabad ("RoC") Thereafter, pursuant to the conversions air Company to a public limited company, the name of our Company was charged to ‘Tatva Chintan Pharma Chem Limited', and a fresh certificate of incorporation dated February 26, 2021 was issued to our Company by the RoC. For further details on the changes the name and registered office of our Company, see "History end Certain Corporate Matters" on page 171 of the prospectus of our Company dated July 22, 2021 ("Prospectus") filed with the RoC.

Registered Office: Plot No. 502/17, GIDG Estate, Ankleshwar, Bharuch, Guiarat - 393 002, India; Telephone: +91 75730 4695T52;
Corporate Office: Plot No. 353, Makarpura GIDC, Vadodara Guiarat- 390 010, India. Contact Person: Apurva Dubey, Company Secretary and Compliance Officer; Telephone +91 75748 48533/+91 75748 48534;
E-mail cs@tatvachintan.com; Website www.tatvachintan.com; Corporate Identity Number U24232GJ15W6PI C029&Q4
OUR PROMOTERS: AJAYKUMAR MANSUKHLAL PATEL, CHINTAN NITINKUMAR SHAH AND SHEKHAR RASIKLAL SOMANI

Our Company has filed the Prospectus with RoC and the Equity Shares arc proposed to be listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or about July 29, 2021.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 4,616,804 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF TATVA CHINTAN PHARMA CHEM LIMITED ("COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 1,083 PER EQUITY SHARE (INCLUDING A PREMIUM OF Rs. 1,073 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO Rs. 5,000.00 MILLION. THE OFFER COMPRISES OF A FRESH ISSUE OF 2,077,562 EQUITY SHARES AGGREGATING TO Rs. 2,250.00 MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF 2,539,242 EQUITY SHARES AGGREGATING TO Rs. 2,750.00 MILLION, COMPRISING 215,143 EQUITY SHARES AGGREGATING TO Rs. 233.00 MILLION BY AJAYKUMAR MANSUKHLAL PATEL, 751,616 EQUITY SHARES AGGREGATING TO Rs. 814.00 MILLION BY CHINTAN NITINKUMAR SHAH AND 674,054 EQUITY SHARES AGGREGATING TO Rs. 730.00 MILLION BY SHEKHAR RASIKLAL SOMANI (COLLECTIVELY THE "PROMOTER SELLING SHAREHOLDERS") AND 95,106 EQUITY SHARES AGGREGATING TO Rs.103.00 MILLION BY DARSHANA NITINKUMAR SHAH, 315,789 EQUITY SHARES AGGREGATING TO Rs. 342.00 MILLION BY PRITI AJAYKUMAR PATEL, 315,789 EQUITY SHARES AGGREGATING TO Rs. 342.00 MILLION BY AJAY MANSUKHLAL PATEL HUF, 101,570 EQUITY SHARES AGGREGATING TO Rs. 110.00 MILLION BY KAJAL SHEKHAR SOMANI, 10,157 EQUITY SHARES AGGREGATING TO Rs. 11.00 MILLION BY SHITALKUMAR RASIKLAL SOMANI AND 60,018 EQUITY SHARES AGGREGATING TO Rs. 65.00 MILLION BY SAMIRKUMAR RASIKLAL SOMANI (COLLECTIVELY THE "PROMOTER GROUP SELLING SHAREHOLDERS" AND TOGETHER WITH THE PROMOTER SELLING SHAREHOLDERS, THE "SELLING SHAREHOLDERS") (THE "OFFER FOR SALE" AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"). THE OFFER WILL CONSTITUTE 20.83% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL.

OFFER PRICE: Rs. 1,083 PER EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH
ANCHOR INVESTOR OFFER PRICE: Rs. 1,083 PER EQUITY SHARE
THE OFFER PRICE IS 108.3 TIMES THE FACE VALUE.
Risks to Investors:
1. The two book running lead managers ("BRLMs") associated with the Offer have handled 33 public issues in the past three years, out of which 11 issues closed below the issue price on listing date.
2. Average cost of acquisition of Equity Shares held by the Selling Shareholders namely Ajay kumar Mansukhlal Patel, Chintan Nitin kumar Shah, Shekhar Rasiklal Somani, Ajay Mansukhlal Patel HUF, Priti Ajay kumar Patel, Darshana Nitin kumar Shah, Kajal Shekhar Somani, Samir kumar Rasiklal Somani and Shital kumar Rasiklal Somani is Rs 1.59, Rs. 3.06, Rs. 2.87, Rs. 4.00, Rs. 2.49,Rs. 1.11, Rs. 2.69, Rs. 1.65 and Rs. 0.91 respectively and Offer Price at upper end of the Price Band is Rs. 1,083 per Equity Share.
BID/ OFFER PERIOD:
BID / OFFER PERIOD OPENED ON FRIDAY, JULY 16, 2021
BID / OFFER PERIOD CLOSED ON TUESDAY, JULY 20, 2021
ANCHOR INVESTOR BIDDING DATE WAS THURSDAY, JULY 15, 2021

This Offer was made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR') read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the 'SEBI ICDR Regulations'). This Offer was made through the Book Building Process in accordance with Regulation 6(1) of the S6BIICDR Regulations wherein not more than 50% of the Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Portion'), and our Company in consultation with the BRLMs allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer was available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders, other than Anchor Investors, were mandatorily required to participate In the Offer through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account, which were blocked by the Self Certified Syndicate Banks ("SCSBs"), or through the UPI Mechanism. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA Process. For details, see "Offer Procedure" on page 312 of the Prospectus,

The Company received a total of 2,960,901 applications for 582,393,097 Equity Shares (prior to technical rejections but after removing the multiple and duplicate Bids and Bids not banked/blocked) resulting in 126.15 times subscription. The details of the applications received in the Offer from various categories are as under: (before technical rejections, multiple or duplicate Bids and Bids not banked /returned):

Sr. No. Category No. of Applications Applied No. of Equity Shares Equity Shares Reserved as per Prospectus No. of times Subscribed Amount (Rs,)
A. Retail Individual Investors 29,51,289 5.28,37,577 16,15,882 32.70 57,23,91,43,094
B. Non Institutional Investors 9,442 35,37,73,875 6,92,521 510.85 3,83,13,75,66,760
C. Qualified Institutional Bidders (excluding Anchor Investors) 148 17,43,96,560 9,23,361 188.88 1,88,87,14,74,480
Total (A) 29,60,879 58,10,08,012 32,31,764 179.78 6,29,24,81,84,334
D Anchor Investors 22 13,85,085 13,85,040 1.00 1,50,00,47,055
Total (B) 22 13,85,085 13,85,040 1.00 1,50,00,47,055
Grand Total (A+B) 29,60,901 58,23,93,097 46,16,804 126.15 6,30,74,82,31,389

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid I Offer Closing Date as at different Bid prices is as under:

Sr. No. Bid price Bids Quantity % to Total Cumulative Total Cumulative % of Total
1. 1073 459,407 0 08 459,407 0 08
2. 1074 37,687 0.01 497,094 0.08
3. 1075 122,330 0.02 619,424 0.11
4 1076 24,063 0.00 643,487 0.11
5. 1077 49,205 0 01 692,692 0 12
6. 1078 122,655 0.02 815,347 0.14
7. 1079 33,488 0.01 848,835 0.14
8 1080 214,383 0.04 1,063,218 0 18
9 1081 125,853 0 02 1,189,071 0 20
10. 1082 175,669 0.03 1,364,740 0.23
11. 1083 544,112,738 92.25 545,477,478 92.48
12 Cut Off 44,371.457 7.52 589,848,935 100 00
TOTAL 589,848,935 100.00

The Basis of Allotment (except Anchor Investors) was finalized in consultation with the Designated Stock Exchange, being BSE, on July 26, 2021.

A. Allotment to Retail Individual Bidders (after technical rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 1,083 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 31.37 times. The total number of Equity Shares Allotted in Retail Portion is 1,615,882 Equity Shares to 124,298 successful Retail Individual Bidders the category-wise details of the Basis of Allotment are as under:

Sr. No. Category No. of Applications Received % of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1. 13 2,531,727 89 28 32,912,451 64.94 13 16:365 1,442,584
2. 26 150,538 531 3,913,988 7.72 13 16:365 85,774
3. 39 45,080 1.59 1,758,120 347 13 5:114 25,688
4. 52 23,156 0.82 1,204,112 2.38 13 5:114 13,195
5. 65 16,937 0.60 1,100,905 2.17 13 5:114 9,659
6. 78 6,190 0.22 482,820 0.95 13 5:114 3,523
7. 91 9,852 0.35 896,532 1.77 13 5:114 5,616
8. 104 5,184 0.18 539,136 1.06 13 5:114 2,951
9. 117 1,983 0.07 232,011 0 46 13 5:114 1,131
10. 130 8,260 0.29 1,073,800 2.12 13 5:114 4,706
11, 143 1,669 0.06 238,667 047 13 5:114 949
12. 156 1,630 0.06 254,280 0.50 13 5:114 923
13. 169 3,445 0.12 582,205 1.15 13 5:114 1,963
14. 182 30,197 1.06 5,495,854 10.84 13 5:114 17,212
13,330 Allottees from Serial no 2 to 13 Additional 1 (one) share 8:13330 8
TOTAL 2,835,848 100.00 50,684,881 100.00 1,615,882

Please Note: 1 additional Equity Share was Allotted to 13,330 Allottees From amongst 124,298 successful applicants from the categories 26-128 (i.e excluding successful applicants from Category 13) in the ratio of 8:13330.

B. Allotment to Non-Institutional Bidders (after technical rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs 1.083 per Equity Share or above, was finalized in consultation with BSE. The Non-Institutional Portion has been subscribed to the extent of 503.11 times. The total number of Equity Shares Allotted in this category is 692,521 Equity Shares to 2,501 successful Non-Institutional Bidders. The category-wise details of the Basis of Allotment are as under: (Sample)

Sr No. Category No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1. 195 2465 27 13 480,675 0.14 13 732465 949
2. 208 235 2.59 48,880 0.01 13 7:235 91
3. 221 93 1.02 20,553 0.01 13 3:93 39
4. 234 122 1.34 28,548 0.01 13 4:122 52
5. 247 31 0.34 7,657 0.00 13 1:31 13
6. 7,787 1 0.01 7,787 0.00 15 1:1 15
7. 7,800 10 0 11 78,000 0.02 16 1:1 160
8. 7,813 1 001 7,813 0.00 16 1:1 16
9, 7,839 3 0 03 23,517 0.01 16 1:1 48
10. 7,852 3 0.03 23,556 0.01 16 1:1 48
11. 2,262,234 2 0.02 4,524,468 1.30 4,495 1:1 8,990
12. 2,303,132 1 0.01 2,303,132 0.66 4,576 1:1 4,576
13. 2,303,782 3 0.03 6,911,346 1.98 4,577 1:1 13,731
14. 2.308,215 1 0.01 2,308,215 0.66 4,586 1:1 4,586
15. 2,308,397 42 0 46 96,952,674 27.83 4,586 1:1 192,612
TOTAL 9,085 100 348,415,860 100 692,521

C. Allotment to QIBs (excluding Anchor Investors) (after technical rejections)

Allotment to QIBs, who have Bid at the Offer Price of Rs 1,083 per Equity Share or above, has been done on a proportionate basis in consultation with BSE I his category has been subscribed to the extent of 188.87 times of QlB Portion. As per the SEBIICDR Regulations. Mutual Funds were Allotted 5% of the Equity Shares of the Net QlB Portion available i.e 46,169 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 877.192 Equity Shares on a proportionate basis The total number of Equity Shares Allotted in the QlB Portion is 923,361 Equity Shares, which were Allotted to 147 successful QlB Bidders. The category-wise detail is of the Basis of Allotment are a s under:

CATEGORY FIs MFs ICs NBFCs AIF FPI/FII OTHERS TOTAL
ALLOTMENT 347,137 112,584 25,639 187,081 35,408 215,512 - 923,361

D. Allotment to Anchor Investors

The bidding for Anchor Investors opened and closed on July 15, 2021.The Company received 22 applications from 15 Anchor Investors for 1,385,085 Equity Shares. The Anchor Investor Offer Price was finalized at Rs 1.083 per Equity Share. A total of 1,385,040 shares were allocated under the Anchor Investor Portion aggregating to Rs 149,99,98,320.

CATEGORY FIs MFs ICs NBFCs AIF FPI/FII TOTAL
ALLOTMENT - 646,360 92,333 - - 646,347 1,385,040

The IPO Committee of our Company at its meeting held on July 27, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE. and has Allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum- refund intimations have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to the SCSBs for unblocking of funds and transfer to the Public Offer Account have been issued on July 26, 2021 and payment to non-syndicate brokers have been issued on July 26, 2021, In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on July 27, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has received listing and trading approval from NSE and BSE and the trading is expected to commence on or about July 29,2021 Note. All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/Sole Bidder. Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

wpeD8.jpg (1650 bytes) Link Intime Link Intime India Private Limit
C-101, 1st Floor, 247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India
Telephone: +91 (22) 4918 6200.
E-mail: tatva.ipo@linkintime.co.in;
Website: www.linkintime.co.in
Investor grievance e-mail tatva.ipo@linkintime.co.in
Contact person Shanti Gopalkrishnan
SEBI registration number: INR000004058

This corrigendum ("Corrigendum") is with reference to the Prospectus filed in relation to the Offer. In this regard, please note that the right column of the first row of the table set out in the section "The Offer on page 58 of the Prospectus should be read as follows: "4,616,804'' Equity Shares, aggregating to Rs. 5,000.00 million. The Prospectus shall be read in conjunction with this Corrigendum, The Prospectus stands amended to the extent above.

For TATVA CHINTAN PHARMA CHEM LIMITED
On behalf of the Board of Directors
Place: Ankleshwar Sd/-
Date: July 28, 2021 Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TATVACHINTAN PHARMA CHEM LIMITED.

TATVA CHINTAN PHARMA CHEM LIMITED has filed the Prospectus with the RoC and thereafter with SE BI and the Stock Exchanges The Prospectus is available on the website of SEBI at www.sebi.gov.in, websites of the Stack Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively and is available on the websites of the BRLMs i.e. ICICI Securities Limited and JM Financial Limited at www.icicisecurities.com and www.jmfl.com, respectively. Bidders should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section entitled 'Risk Factors' on page 24 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws, Accordingly, the Equity Shares are only being offered and sold outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering in the United States.



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Check the basis of allotment document above to know about how the shares are allocated in Tatva Chintan Pharma IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).