TATA Technologies IPO
On November 22, 2023, Tata Technologies Ltd will be making its debut in the primary market with its initial public offering (IPO). The bidding process for the Tata Technologies IPO will be open until November 24, 2023, which means that interested investors can bid for the IPO from Wednesday to Friday this week. The Tata group company has fixed Tata Technologies IPO price at ₹475 to ₹500 apiece levels.
In the meantime, the grey market for Tata Technologies IPO has maintained its stability. As per market analysts, the shares of Tata Technologies Ltd are currently being traded at a premium of ₹352 in the grey market.
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IPO share price
According to market analysts, the grey market premium (GMP) for Tata Technologies IPO is currently at ₹352, which is only slightly lower than the weekend GMP of ₹369 per share. Despite the ₹17 decrease, experts believe that investors need not be concerned as the GMP is still close to 70% of the IPO price band of ₹475 to ₹500. They also noted that the subscription opening date for the IPO is approaching quickly and the stock market sentiment was negative on Friday, making the ₹17 dip a relatively positive development for the book build issue.
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market analysts view
Market analysts have asserted that the current Tata Technologies IPO GMP indicates a favorable reception from investors, given the substantial 70 percent premium. This attractive return is something that many individuals would desire to include in their investment portfolios. Nevertheless, they have advised that the likelihood of share allocation may decrease if the subscription status for the Tata Technologies IPO remains high throughout the designated subscription period, which has already been scheduled from November 22nd to November 24th, 2023.
market analyst’s view on this investment
According to stock market analysts, GMP is a speculative and unregulated market. They emphasized that the grey market is not linked to the financials of the company, and therefore, it should not be relied upon to make crucial investment decisions such as investing in the IPO. Instead, they recommended that investors should scrutinize the company’s balance sheet as it provides a more reliable and fundamental overview of the company.
ipo date
A bidder will be able to apply in lots and one lot will comprise 30 Tata Technologies shares. In the wake of T+3 schedule, Tata Technologies IPO allotment date is most likely on 27th or 28th November 2023 whereas Tata Technologies IPO listing date may fall on 29th November 2023.
what is price for this ipo ?
Tata Technologies IPO grey market premium (GMP) today is ₹352, which is almost unchanged as it is ₹17 lower from its weekend GMP of ₹369 per share.
what is the date of this ipo ?
Tata Technologies Ltd is going to hit primary market on 22nd November 2023. Bidding for Tata Technologies IPO will remain open till 24th November 2023. Hence, Tata Technologies IPO will open on Wednesday this week and it will remain open for bidders till Friday this week.