“Tata Technologies IPO Breaks All Records” – Listing Price would be around Rs.1000

Tata Technologies IPO : Tata Technologies is a subsidiary of Tata Motors, offering engineering and product development digital services. The final day of subscription for Tata Technologies IPO was November 24th, with a staggering 69.43 times oversubscription.

The IPO opened on November 22nd with a price band of ₹475-500 per share. Allocation of shares will be finalized on November 30th after the IPO closes, and the company is set to debut on BSE and NSE on December 5th.

Tata Technologies has finalized the offer price at ₹500 per share for its IPO, aligning it with the anchor investor offer price. Tata Motors, in its communication to the stock market, stated, ‘Tata Technologies Limited has determined the final offer price at ₹500 per share under the guidance of the book running lead managers for the IPO.

This price will be applicable for all, including anchor investors, for shares with a face value of ₹2.’ The IPO for Tata Tech witnessed an overwhelming 69.43 times oversubscription on the final day, November 24th.

“After a gap of 19 years, the Tata Group has brought an IPO for one of its companies. Prior to this, Tata Consultancy Services (TCS) had its IPO in the year 2004. Tata Tech’s IPO opened on November 22nd with a price band of ₹475-500 per share. According to NSE data, this IPO, valued at ₹3,042.5 crores, offered 4,50,29,207 shares, with bids placed for a total of 3,12,64,91,040 shares.

According to the top stock broker’s report, the IPO was trading at a premium of ₹414 in the grey market yesterday. According to GDP calculations, the company’s shares could be listed on the stock market at ₹914, potentially yielding investors a 82% gain on the first day. Let’s explore how an investor can check their allotment in the Tata Technologies IPO.

The shares of Tata Tech have seen an upward trend in the grey market. According to reports, the company’s shares are currently trading at a premium of 82% over the upper price band of the IPO in the grey market.”

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