Tata Technologies IPO Details: Everything Investors Need to Know
Introduction To Upcoming IPO by TATA’s:
The IPO market in India is buzzing with opportunities, and one of the most anticipated listings is that of Tata Technologies Limited. As a prominent player in the engineering and design services sector, Tata Technologies is set to make waves in the stock market. This article provides a comprehensive overview of the Tata Technologies IPO, including important dates, GMP (Grey Market Premium), allotment details, and more.
Tata Technologies IPO Overview:
| Detail | Information |
| IPO Date | November 22, 2023 – November 24, 2023 |
| Listing Date | November 30, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 60,850,278 shares (₹3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IPO Reservation Breakdown:
The Tata Technologies IPO offers a total of 60,850,278 shares, allocated as follows:
| Category | Shares Allocated | Percentage |
| QIB (Qualified Institutional Buyers) | 10,547,382 | 17.33% |
| NII (Non-Institutional Investors) | 7,910,537 | 13.00% |
| RII (Retail Individual Investors) | 18,457,919 | 30.33% |
| Employees | 2,028,342 | 3.33% |
| Anchor Investors | 15,821,071 | 26.00% |
Note: In case of oversubscription, 615,263 RIIs will receive a minimum of 30 shares, while 6,278 sNII and 12,556 bNII will receive a minimum of 420 shares.
Key Dates for Tata Technologies IPO:
| Event | Date |
| IPO Open Date | November 22, 2023 |
| IPO Close Date | November 24, 2023 |
| Basis of Allotment | November 28, 2023 |
| Initiation of Refunds | November 29, 2023 |
| Credit of Shares to Demat Accounts | November 29, 2023 |
| Listing Date | November 30, 2023 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on November 24, 2023 |
Tata Technologies IPO Lot Size and Investment:
Investors can bid for a minimum of 30 shares and in multiples thereafter. Here’s the breakdown of the investment amounts based on lot sizes:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| S-HNI (Min) | 14 | 420 | ₹210,000 |
| S-HNI (Max) | 66 | 1,980 | ₹990,000 |
| B-HNI (Min) | 67 | 2,010 | ₹1,005,000 |
Tata Technologies IPO GMP (Grey Market Premium):
The Grey Market Premium (GMP) is an essential indicator for investors to gauge market sentiment regarding an IPO. The GMP for the Tata Technologies IPO is currently around ₹475. A positive GMP suggests strong demand for the shares and can influence an investor’s decision on allotment and bidding.
Investors often look at the Grey Market Premium (GMP) as a key indicator of an IPO’s potential performance. For a deeper understanding of this concept, check out our article on Grey Market Premium.
Tata Technologies IPO Allotment Information:
Allotting shares for the Tata Technologies IPO was finalised on November 28, 2023. Once the allotment process is complete, investors can check their allotment status on the official website of the IPO registrar or through various financial news platforms.
As you analyze the Tata Technologies IPO, it’s beneficial to explore how it compares to other fundraising methods like OFS. For a deeper understanding, read our article on OFS vs. IPO: Differences.
How to Check Tata Technologies IPO Allotment Status:
- Visit the registrar’s website (e.g., Link Intime).
- Enter your PAN card details or application number.
- Click on the submit button to view your allotment status.
Conclusion: Why To Invest In Tata Technologies IPO:
The Tata Technologies IPO presents an exciting opportunity for investors looking to participate in a well-established company within the engineering services sector. With a solid price band, significant share allotment, and a well-structured IPO process, it is expected to attract considerable interest.
If you’re considering investing, conduct thorough research and align your investment strategy with your financial goals. For more information and updates on the Tata Technologies IPO, visit Tap Invest.
FAQs On Tata Technologies IPO:
1. What is the Tata Technologies IPO date?
The IPO will open on November 22, 2023, and close on November 24, 2023.
2. What is the price band for Tata Technologies IPO?
The price band is set between ₹475 to ₹500 per share.
3. How can I check my Tata Technologies IPO allotment status?
You can check your allotment status by entering your PAN or application number on the registrar’s website or through financial news platforms.
4. What was Tata Technologies IPO’s Grey Market Premium (GMP)?
The current GMP was around ₹475 per share.
5. What is the lot size for the Tata Technologies IPO?
The minimum lot size is 30 shares.
