Tata Technologies Limited, the well-known international provider of engineering services, are anticipated to become public on November 22, 2023 and will close on 24 November 2023, while the date of the IPO’s opening and closing has not yet beconfirmed.
Tata Technologies IPO Date
The Tata Technologies IPO may start on November 22, according to sources who spoke to Reuters.
The IPO is expected to be one of the biggest in India this year, surpassing the Nexus Malls held by Mankind and Blackstone. Investors and market analysts are quite bullish about it.
|IPO Size||Approx 95,708,984 Equity Shares|
|Offer for Sale||Approx 95,708,984 Equity Shares|
|Face Value||₹2 Per Equity Share|
|IPO Start Date||22 November 2023|
|IPO End Date||24 November 2023|
|IPO Listing on||BSE & NSE|
The business intends to start trading by the end of November. Until December 31, 2022, a nine-month period, Tata Technologies earnings climbed by 23% to 4,074 million rupees.
Its March draft document revealed a 15% rise in overall income to 30.5 billion rupees.
Tata Technologies IPO Lot Size
Memberships are anticipated to begin on 22 November 2023, with the Tata Technologies IPO anticipated to commence in November 22, of that same year.
The Share price for Tata Technologies’ IPO is ₹2 per share. You may use your Demat Account or the Trading App to subscribe for each lot with a minimum commitment of around ₹15,000.
The Tata Technologies IPO’s specifications are yet unknown. Tata Technologies’ lot size hasn’t been revealed as a result.
Notably, an investor is allowed to apply with a minimum of one lot. Meanwhile, news sources claim that Tata Technologies’ initial public offering (IPO) may have been worth around ₹4,000 crores.
Tata Technologies IPO GMP
Market observers report that the Tata Technologies IPO grey market premium (GMP) is still ₹100 as of this morning, staying unchanged from the previous weekend.
They also said that Tata Technologies’ IPO GMP is unchanged from the previous weekend due to Dalal Street’s trend reversal. However, the Tata Technologies IPO GMP fell to about ₹84 levels at the beginning of the week.
On the unlisted stock market, Tata Technologies’ shares had recovered sufficiently by the end of the week to cross the three-digit barrier once more.
Based on the company’s expected price of ₹268, the gray market suggests that the Tata Technologies IPO might yield a listing gain of 35% for its fortunate allottees.
Tata Technologies IPO Subscription
All investors will be able to subscribe to the Tata Technologies IPO on 22 November 2023 to purchase shares.The shares will be made available through an initial public offering with a face value of ₹2.
At the anticipated price of ₹15,000, investors must subscribe to a single lot including several shares.
|Category of Investor||Tata Technologies IPO Subscription Status|
|Retail Investor||XX Times|
|HNIs (High Networth Individuals)||XX Times|
|Qualified Institutional Buyers||XX Times|
Tata Technologies IPO Review
Tata Technologies Limited,Among the businesses that comprise the Tata Group is Tata Technologies Limited, which offers services in the areas of engineering and design, manufacturing, product development, and IT service management.
They offer services to original equipment manufacturers and their suppliers in the automotive and aerospace sectors.
According to the Fortune India Infotech Industry ranking, Tata Technologies is the fifteenth-largest IT firm.
They are a multinational company that employs over 4,000 specialists globally and over 11,000 individuals in 25 different countries.
The corporation is headquartered in Pune, even though it maintains regional offices around the United States.
Tata Technologies IPO Reservation
According to SEBI regulations, 50% of the shares in the Tata Technologies IPO are allocated to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to Retail Individual Investors (RIIs) with investments under Rs. 2 lakhs.
- In accordance with SEBI guidelines, QIBs will be the exclusive holders of 50% of the shares made available through the IPO. These include organizations like insurance firms, mutual funds, and banks.
- 15 percent of the shares will be set aside for non-institutional investors (NIIs). Usually, they consist of individuals or business entities making investments above Rs. 2 lakhs.
- Retail Individual Investors will receive the remaining 35% of the shares. These individual investors submit applications for shares that are valued at less than two lakhs rupees.
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