Tata Technologies IPO Today Subscription Status Check Price, IPO Date Tata Technologies, a leading global engineering offerings employer, has currently captured the attention of investors with its upcoming initial public imparting (IPO). The IPO is ready to open on November 22, 2023, and close on November 24, 2023, imparting a compelling possibility for participation in a business enterprise with a sturdy tune report and promising increase potentialities.
Tata Technologies IPO Details
| Comapny Name |
Tata Technologies Ltd |
| IPO Date |
November 22, 2023 to November 24, 2023 |
| Listing Date |
Announced Shortly |
| Face Value |
₹2 per share |
| Price Band |
₹475 to ₹500 per share |
| Lot Size |
30 Shares |
| Total Issue Size |
60,850,278 shares
(aggregating up to ₹3,042 Cr) |
| Issue Type |
Book Built Issue IPO |
| Listing At |
BSE, NSE |
| Share holding pre issue |
405,668,530 |
| Share holding post issue |
405,668,530 |
Decoding the Subscription Process
The Tata Technologies IPO entails a proposal on the market of 60,850,278 fairness shares, with a price band ranging from ₹475 to ₹500 in step with percentage. The minimum lot size for utility is 30 shares, and the difficulty is totally a suggestion on the market (OFS), wherein present shareholders are selling their stocks to the public.
To take part in the IPO, buyers can observe thru their respective depositories or ASBA (Application Supported with the aid of Blocked Amount) enabled bank accounts. The ASBA procedure guarantees that budget are blocked only when shares are allocated, safeguarding traders’ liquidity.
Tata Technologies IPO Subscription Status
| Investor Category |
Subscription (times) |
Shares Offered |
Shares bid for |
Total Amount (Rs Cr.)* |
| Anchor Investors |
1 |
1,58,21,071 |
1,58,21,071 |
791.05 |
| Qualified Institutions |
0.41 |
1,05,47,382 |
43,68,540 |
218.43 |
| Non-Institutional Buyers |
4.46 |
79,10,537 |
3,53,02,410 |
1,765.12 |
| bNII (bids above ₹10L) |
4.67 |
52,73,691 |
2,46,44,160 |
1,232.21 |
| sNII (bids below ₹10L) |
4.04 |
26,36,846 |
1,06,58,250 |
532.91 |
| Retail Investors |
2.32 |
1,84,57,919 |
4,27,51,530 |
2,137.58 |
| Total ** |
1.85 |
4,50,29,207 |
8,35,11,150 |
4,175.56 |
Understanding the Allocation Strategy
The Tata Technologies IPO has reserved 50% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs). This allocation strategy guarantees that a vast spectrum of investors has the opportunity to participate within the IPO.
Tata Technologies Ltd IPO GMP:
Tata Technologies’ initial public imparting (IPO) is producing a number of buzz in the marketplace, with stocks trading at a premium of ₹352 in the gray marketplace.
This manner that traders are willing to pay a massive amount above the IPO charge to get their arms on Tata Technologies shares. This robust demand is a good sign for the corporation’s IPO possibilities.
The grey market is an unofficial market wherein stocks of upcoming IPOs are traded. The grey market top rate (GMP) is the difference between the grey marketplace price and the IPO price band. A higher GMP shows that there is robust call for for the IPO, whilst a lower GMP suggests that there is susceptible demand.
While the grey market can offer some insight into investor call for, it’s far important to keep in mind that it’s miles an unofficial marketplace and the GMP is not constantly an accurate predictor of how the IPO will perform. Investors should cautiously remember their own funding goals and danger tolerance before applying for an IPO.
Key Highlights and Market Expectations
The
Tata Technologies IPO has garnered great interest from buyers, with the gray market top rate indicating a fine sentiment. The organization’s robust economic overall performance, international presence, and cognizance on engineering answers for the automobile and aerospace industries have been key factors driving investor hobby.
Analysts anticipate the IPO to be absolutely subscribed, with the capability for oversubscription. The successful finishing touch of the IPO is anticipated to bolster Tata Technologies’ increase plans and enhance its visibility inside the international engineering services market.
Conclusion
The Tata Technologies IPO provides an interesting possibility for investors to take part in the growth of a leading engineering offerings agency with a sturdy music record and promising destiny potentialities. With a sturdy subscription predicted, the IPO is possibly to generate massive hobby and set the stage for Tata Technologies’ adventure as a publicly indexed employer.
