Tata Technologies IPO vs IREDA IPO: The public issue of Indian Renewable Energy Development Agency (IREDA) opened today and the issue got a good response from investors as the IPO (initial public offer) was subscribed 0.51 times by 11:48 AM on the first day of offering. However, a much hyped Tata Technologies IPO also opens on Wednesday this week ie tomorrow and market watchers believe that investors are expecting a strong response to the Tata group’s initial offer.
Market watchers said that Tata Technologies IPO GMP and balance sheet signal a huge listing gain and hence investors are expected to pump their money into Tata Technologies IPO. However, market observers maintained that one should not look at the potential listing gain only while choosing any of the two IPOs as possibility of share distribution is also an important factor and one should look at this factor before looking at any other factor while choosing any of the market watchers. these IPOs.
Tata Technologies IPO vs IREDA IPO
Talking about these two IPOs, Astha Jain, Senior Research Analyst at Hem Securities said, “If we look at the financials of these two companies, Tata Technologies IPO is expected to give a higher listing to its allottees but IREDA IPO would also give a good listing . award to the assignees.”
On factors to look at before applying for these IPOs, Arun Kejriwal, Foundet at Kejriwal Research and Investment Services said, “Tata Technologies IPO is expected to give best return to the allottees among the five main board IPOs opening this week . However, listing is expected. of these public issues should not be the only criteria when applying because one would receive a listing award only when shares of the company are allocated to the applicant. Therefore, possibility of share distribution is an important factor that must be looked at when choosing any of these. IPOs.”
Read also: Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Which upcoming IPO is better?
Talking about equity allocation factor regarding Tata Technologies IPO and IREDA IPO, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Tata Technologies IPO is smaller in size and it is expected to attract maximum liquidity available in the primary market. Hence, probability of large share distribution in Tata Technologies IPO is lowest among all five IPOs hitting primary market this week.”
Why should you also apply for an IREDA IPO?
On how smart investors would use their money in current primary market, Arun Kejriwal said, “Genius don’t do different things, they do things differently. The top priority of an IPO investor while applying for any of these IPOs would be share allocation .Of course.listing is also important but it will come only after having shares of the company in their demat account.So, smart investors are expected to keep higher for Tata Technologies IPO as it is expected to give the highest listing to its allottees.But, The share price of IREDA is also expected to open with a strong premium and gray market is also signaling this.So, my advice for a retail investor is to keep some money for IREDA IPO as well.One should not put all their money in Tata Technologies IPO only . “
Tata Technologies IPO GMP vs IREDA IPO GMP
According to market observers, shares of Tata Technologies Ltd are available at a premium of ₹351 in gray market today while IREDA stock is trading at a premium of ₹7 in an unlisted stock exchange. This means Tata Technologies IPO GMP today signals around 70 percent listing for allottees while IREDA IPO GMP today signals around 22 percent listing for the allottees. However, this would become a reality only when one gets shares of the company through an allotment process after applying for the public issue.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
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Updated: 21 Nov 2023, 12:44 pm IST