Tata Technologies IPO: Updates on Share Allotment, Listing Date, and Grey Market Premium: Following the closure of the much-anticipated Tata Technologies IPO, investors are eager to gain insights into the share allotment status, listing date, and the evolving Grey Market Premium (GMP). As the Tata Group marks its return to the IPO arena after two decades, here’s a comprehensive overview of the significant details of the IPO.
Share Allotment Status and Basis Finalization:
Tata Technologies, a subsidiary of Tata Motors, witnessed remarkable enthusiasm in the market, garnering a subscription nearly 70 times its offering. The basis of share allotment is slated to be finalized by November 28. Investors can conveniently check their allotment status on the official BSE website or the IPO registrar’s platform post this date.
Subscription Details and Investor Response:
During its active trading window from November 22 to November 24, the IPO, with a price band of ₹475-₹500 per share, witnessed robust demand. Notably, the qualified institutional buyers and high net-worth individuals demonstrated substantial interest, oversubscribing their quotas by 203.41 times and 62.11 times, respectively.
Listing Date and Grey Market Premium:
Having successfully raised over ₹3045 crores through an offer-for-sale, Tata Technologies remains in the spotlight. Despite the entirety of funds being part of the offer-for-sale, with no capital infusion for the company, the Grey Market Premium (GMP) for Tata Technologies stands at ₹414, exhibiting a promising trend post-IPO closure. The anticipated listing date is November 28, Tuesday.
How to Check Share Allotment Status:
- Visit the official website of the Bombay Stock Exchange.
- Navigate to the ‘equity’ section in the menu.
- Select Tata Technologies Limited from the dropdown box.
- Enter your application number or PAN number.
- Confirm the ‘I am not a robot’ box and click on ‘Search’.
In Conclusion: As Tata Technologies gears up for its listing, the IPO journey reflects a remarkable comeback for the Tata Group. Investors, buoyed by the impressive subscription numbers and a positive Grey Market Premium, await the listing date with anticipation. The step-by-step guide to checking share allotment status ensures investors stay informed as the post-IPO developments unfold.
