Tata Technologies IPO: After the closing of the initial public offering (IPO) subscription of Tata Technologies Ltd, all eyes are set on the Tata Technologies IPO allotment date and the Tata Technologies IPO listing date. After the T + 3 schedule, Tata Technologies’ IPO allocation date is most likely on the following trading day of the three-day auction. As the Tata Technologies IPO closed on Friday, the Tata Technologies IPO allotment date may be on Tuesday as the stock market remains closed on Saturday and Sunday. However, in India, stock markets will remain closed on Monday as well for Gurunanak Jayanti. So, most likely Tata Technologies IPO allotment date is Tuesday next week i.e. November 28, 2023 and Tata Technologies IPO listing date is most likely November 30, 2023 i.e. Thursday next week.
Meanwhile, following the strong IPO booking status of Tata Technologies, the gray market has further increased public issues. According to stock market observers, shares of Tata Technologies Ltd are available at premium prices ₹402 per share.
Market watchers say Tata Technologies IPO gray market premium (GMP) today is ₹402, which is ₹5 higher than Friday’s GMP ₹397. They said that the sentiment of the gray market has increased after a strong response by investors. Before Tata Technologies IPO date is 21 November 2023, Tata Technologies ipo gmp is 340 and Tata Technologies ipo gmp today is ₹402. This means that in four days, Tata Technologies ipo gmp has increased from. ₹340 to ₹402 levels.
It should be noted that the Tata Technologies IPO favors the gray market which has risen despite the choppy trend on Dalal Street. Market watchers said Tata Technologies ipo gmp may rise further if the trend reverses on Dalal Road when it reopens on Tuesday after an extended weekend due to the stock market holiday falling on Monday for Gurunanak Jayanti.
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In the three days of the auction from November 22 to 24, 2023, Tata Technologies IPO was subscribed 69.43 times, while its retail portion received 16.50 subscriptions. Public issues received 62.11 applications in the NII category while its QIB segment received 203.41 applications.
Tata Technologies IPO date
As mentioned above, Tata Technologies IPO allotment date is usually 28 November 2023 while Tata Technologies IPO listing date is mostly 30 November 2023 i.e. next Thursday.
How to Check Tata Technologies IPO Allotment Status
Those who have applied for the public issue will be able to check their application status online after logging in on the BSE website or on the website of the official registrar of the public offer. Link Intime India Private Ltd has been appointed as the official registrar of the Tata Technologies IPO. For more convenience, they can log in at BSE direct link https://www.ipogmp.org/ipo-allotment-live-ipo-allotment-check-ipo-allotment
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