Investors can find out if and how many shares they have received on the allotment basis. The number of shares allotted can also be seen in the IPO allotment status. The company will start the refund process for applicants not given shares. Those allotted will get their shares in their demat accounts.
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Date of listing of Tata Technologies IPO is scheduled on NSE and BSE for Thursday, November 30. Since, the companies belatedly switched to T+3 norms, the date and listing are set in advance.
If you have applied for the shares, here is how Tata Technologies IPO allotment status can be checked.
Also Read: Tata Tech IPO allotment status: Here’s how to check status and latest GMP
If you have applied for the Tata Tech IPO, you can check your Tata Tech IPO allotment status on the website of the IPO registrar, Link Intime India Private Ltd. You can check the Tata Technologies IPO status of your application on the below link – Tata Tech IPO link
Step 1
Visit the above link which will take you to Tata Technologies IPO registrar website ie Link Intime India Private Ltd.
Step 2
Select the IPO in the dropbox, which will have its name fixed only if the allocation is completed.
Step 3
Choose one of all three options to check the status: Application No, Demat Account or PAN.
Step 4
Choose between ASBA and non-ASBA under application.
Step 5
Enter the information for the mode you choose in Step 2.
Step 6
Click submit after filling the captcha.
Also Read: Tata Technologies IPO: GMP jumps on strong subscription status. How to check allocation, all eyes fixed on listing date
How to check Tata Technologies IPO status on BSE
Step 1
Visit allotment page on BSE official website – Tata Tech IPO allotment check online –
Step 2
Under ‘Issue Type’, select ‘Equity’.
Step 3
Select the IPO from the drop-down menu under ‘Issue Name’.
Step 4
Enter PAN or application number.
Step 5
Click ‘I’m not a Robot’ to confirm your identity, then click the ‘Submit’ button.
Also Read: Tata Technologies IPO sets record! Attracts more than 50 lakh subject applications, highest among private companies
How to check Tata Tech IPO allotment status on NSE
Step 1
Visit NSE official website- Tata Tech IPO allotment status check online NSE-
Step 2
By selecting the ‘Click here to register’ option on the NSE website, one has to register with PAN.
Step 3
Enter username, password and captcha code.
Step 4
Check IPO allotment status on the new page that will open.
Tata Technologies IPO subscription
Tata Tech IPO was subscribed 69.43 times on the final day of offering on November 24. The retail investors’ portion was subscribed 16.50 times, the NII portion was subscribed 62.11 times, and the Qualified Institutional Buyers (QIB) portion was reserved 203.41 times. The employee portion was subscribed 3.70 times, Portion reserved for the shareholder was reserved 29.19 times.
Tata Technologies IPO received bids for 3,12,64,91,340 shares against 4,50,29,207 shares offered, according to data from the BSE.
The most anticipated initial public offering (IPO) of the year, Tata Technologies Ltd, opened for subscription on Wednesday, November 22, and closed on Friday, November 24.
Tata Technologies IPO subscription status on Day 2 was 14.85 times, and Tata Tech IPO subscription status on Day 1 was 6.55 times.
Also Read: Tata Technologies IPO LIVE Updates Day 3: Issue subscribed over 69 times; retail part ordered 16.50x in the last day
Tata Technologies IPO GMP today
Tata Tech IPO GMP today or gray market premium, is +392. This indicates that the share price of Tata Technologies is now trading at a premium of ₹392 in the gray market on Tuesday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the gray market, the estimated list price of Tata Tech’s share price is indicated at ₹892 per which is 78.4% higher than the IPO price of ₹500.
Based on last 43-session gray market activities, today’s IPO GMP is pointing up and expecting a strong listing. The lowest GMP is ₹240, while the highest GMP is ₹414, according to analysts at investorgain.com.
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
Also Read: Tata Technologies IPO opens today! This is why Tata’s first issue in 20 years has captured the pulse on D-Street
Disclaimer: The above views and recommendations are those of individual analysts, experts and trading companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Updated: 28 Nov 2023, 19:03 IST