Tata Technologies IPO Allotment is anticipated today as the allotment for the IPO (Initial Public Offering) of Tata Technologies is expected to be finalized today. Participants can confirm their allocation status at the registrar for the issue, Link Intime on the official website, and the BSE platform.
IPO of Tata Technologies, valued at Rs. 3,042.51 crore, approved application from November 22 to 24, in the price range between Rs. 475 and Rs. 500 per share.
NII Category was in demand at 62.11 times, although the fact that quota for retailers investors was fully allocated 16.5 times during the three-day bidding period. The employee allotment was fully taken at 3.7 times as well as other category was subscribed at 29.20 times.
The Tata Group’s first IPO within a time frame of 19 years, was a resounding success, with bids exceeding the offer by 69.43 times. The IPO received bids for 312.64 crore equity shares, in comparison with just 4.5 crore shares that could be obtained. QIB (Qualified Institutional Bidders) demonstrated the most eagerness to participate by subscribing to the IPO 203.41 times.
Share prices of Tata Technology are slated to begin trading on the stock exchanges on Thursday (November 30).
To verify the Tata Technology IPO allotment status, follow these steps:
- Navigate to the BSE website : bseindia.com
- Locate the equity tab and select the “IPO” selection.
- From the drop-down menu, select “Tata Technologies Ltd.” as the issue name.
- Input your application number and PAN card number in their corresponding areas.
- Click the “Search” button to recover your allotment status.
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Additionally, you can ascertain your allotment outcomes on the registrar’s website.
- Visit the website of Link Intime.
- Click on “Company Selection” and then select the IPO name.
- Now fill in details PAN, DP/Client ID, Account number, application number, and IFSC.
- Then click on search.
Allotment status can be accessed online following the completion of the allotment process and assuming all the application information is accurate. Successful applicants will have their shares transferred to the demands account by November 29. The Tata Technologies IPO is independently an offer for sale (OFS), in which existing shareholders will divest their interest in the company. Tata Motors, the company’s promoter, will unload 4.62 crore equity shares worth Rs. 2,313.75 crores, accompanied with as investors Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund will sell 97.17 lakh shares and 48.58 lakh shares respectively.
Tata Technologies is an affiliate of Tata Motors and solely focused on manufacturing -focused Engineering Research and Development (ER&D) company, with deeply entrenched in the automotive sector.
Tata Technologies IPO GMP stays the same at Rs. 414, indicating strong investor enthusiasm. Shares are projected to open at a significant premium. Despite the current GMP it is anticipated that Tata Technologies will open at a markup of 83% around Rs. 914, It is crucial to note that GMP is an unofficial measure and can vary significantly. Tata Technologie’s IPO received favorable reviews from analysts eliciting a chorus of “subscribe” ratings from analysts in the light of the company’s exceptional financials, renowned brand images, and compelling valuations.
