Tata Technologies IPO: After closing of subscription of Tata Technologies Ltd’s initial public offer (IPO), all eyes are now fixed on Tata Technologies IPO allotment date and Tata Technologies IPO listing date. After T+3 schedule, Tata Technologies IPO allotment date is most likely on the next trading date of three-day offering. As Tata Technologies IPO closed on Friday, Tata Technologies IPO allotment date is likely to be on Tuesday as stock market remains closed on Saturday Sunday. However, in India, stock market will remain closed on Monday for Gurunanak Jayanti as well. So, most likely Tata Technologies IPO allotment date is Tuesday next week ie 28th November 2023 and Tata Technologies IPO date is most likely 30th November 2023 ie Thursday next week.
Meanwhile, following the strong subscription status of Tata Technologies IPO, gray market has strengthened on the public issue. According to stock market watchers, shares of Tata Technologies Ltd are available at a premium of ₹402 per equity share.
Market watchers said Tata Technologies IPO gray market premium (GMP) today is ₹402, which is ₹5 higher from its Friday GMP of ₹397. They said gray market sentiment turned bullish following strong response from investors. Before the opening date of Tata Technologies IPO ie 21st November 2023, Tata Technologies IPO GMP was 340 and Tata Technologies IPO GMP today is ₹402. This means that in lsst four days, Tata Technologies IPO GMP went up from ₹340 to ₹402 levels.
Read also: Tata Technologies IPO sets record! Attracts more than 50 lakh subject applications, highest among private companies
It should be noted that Tata Technologies IPO gray market premium rose despite bearish trends on Dalal Street. Market watchers said Tata Technologies IPO GMP may rise if there is a trend reversal on Dalal Street when it reopens on Tuesday after an extended weekend due to stock market holiday falling on Monday for Gurunanak Jayanti.
In three days of offering from November 22 to 24, 2023, Tata Technologies IPO was subscribed 69.43 times while its retail portion was subscribed 16.50 times. the public number was subscribed 62.11 times in NII category while its QIB portion was subscribed 203.41 times.
Tata Technologies IPO listing date
As mentioned above, Tata Technologies IPO allotment date is most likely November 28, 2023, while most likely Tata Technologies IPO listing date is November 30, 2023, ie Thursday next week.
How to check Tata Technologies IPO status
Those who applied for the public issue could check their application online after logging on to the BSE website or the website of official registrar of the public offer. Link Intime India Private Ltd has been appointed as official registrar of Tata Technologies IPO. For more convenience they can login at direct BSE link – bseindia.com/investors/appli_check.aspx or direct Link Intime portal link – linkintime.co.in/mipo/ipoallotment.html.
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Updated: 25 Nov 2023, 08:19 IST