How to check Tata Technologies IPO share allotment status?
To check the allotment status of Tata Technologies IPO Share, you can follow these steps:
Option 1: Registrar’s website
- Visit Registrar’s website, link – https://linkintime.co.in/IPO/public-issues.html
- See section related to IPO allotment.
- Select ‘Tata Technologies’ from the list of companies.
- Enter the required details like your PAN (Permanent Account Number), Application Number, DP/Client ID, or Account Number/IFSC.
- Complete any additional verification steps, such as entering a captcha.
- Click on ‘Submit’.
- The website will display the status of your application, showing the number of shares you have applied for and the number of shares allotted to you.
Option 2: BSE or NSE website
- Visit the official website of Bombay Stock Exchange (BSE) or National Stock Exchange (NSE).
- On the website, go to the ‘Equity’ section.
- Select ‘Tata Technologies’ from the dropdown menu.
- Enter your application number and PAN.
- Click on ‘Search’ or any similar option.
- The website will provide you with information about the number of Tata Technologies IPO shares allotted.
tata technologies share listing date
The date of listing of Tata Technologies IPO shares on stock exchanges is set for November 30.
Tata Technologies Share Gray Market Price (GMP)
Shares of Tata Technologies are currently trading at a premium of more than Rs 400 per share in the gray market. The gray market premium represents the additional amount at which IPO shares are informally traded before they are officially listed on stock exchanges.
Tata Technologies IPO Subscription
Tata Technologies IPO garnered significant interest with a subscription rate of 69.43 times on the last day. Bids were received for 312.65 crore equity shares, which is more than the 4.5 crore shares available for offer. The qualified institutional buyer portion saw a notable subscription of 203.41 times, while non-institutional investors subscribed 62.11 times. The retail sector displayed strong participation with a subscription rate of 16.50 times. Employee subscription was 3.7 times, and the portion reserved for shareholders was subscribed 29.19 times.
Tata Technologies IPO: What do analysts say?
Analysts express optimism not only for its immediate benefits but also for its long-term potential. Shivani Nyati, head of wealth at Swastika Investmart, says its diverse customer base, efficient distribution network and focus on innovation contribute to its strong competitive position.
The success of the IPO is attributed to the attractive valuation compared to industry peers and the influential Tata brand. Tata Tech’s FY23 PE ratio stands at 32-33x, unlike KPIT’s 105x, L&T Technology Services’ 40x and Tata Elxsi’s 70x. Moreover, it has demonstrated better financial growth than peers in FY21-23.
Highlighted strengths include specialized expertise in emerging automotive sectors such as electric vehicles, deep knowledge in the automotive sector and a scalable global delivery model fostering close customer relationships.
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