Tata Technologies IPO GMP Today Price: Check Listing Date, Subscription Status On Day 1; Tips To Check Allotment Status Using PAN, Application Number

tata technologies ipo gmp today price: full guide to check allotment status | check subscription status, listing date, other details

Tata Technologies IPO GMP Today Price, Tata Technologies IPO Listing Date, Tata Technologies IPO Subscription Status: Tata Technologies IPO (Initial Public Offering) has been received with bumper public subscription in the primary market with huge response from the retail investors on the first day itself. The maiden share sale was fully subscribed within minutes of opening.

Tata Technologies IPO Subscription Status Day 1

Tata Technologies Rs 3,042.5 crore IPO Day 1 ended with 6.54 times subscription. It received bids for 29,43,78,780 shares against 4,50,29,207 shares on offer, translating into 6.54 times subscription, as per NSE data. The category for non-institutional investors was subscribed 11.69 times, the portion for Retail Individual Investors (RIIs) got subscribed 5.42 times while the quota for Qualified Institutional Buyers (QIBs) received 4.08 times subscription.

Tata Technologies IPO GMP Today Price

One of the key indicators of market sentiment surrounding an IPO is the Grey Market Premium (GMP). According to various websites that track the grey market activities, the GMP for Tata Technologies IPO has soared in the price range of Rs 350 – Rs 375 in the unregulated market, reflecting the high demand for the company’s shares.

This substantial premium in the grey market indicates that investors are willing to pay a significant premium over the IPO’s issue price to secure a stake in Tata Technologies. Such strong GMP numbers signify the market’s positive outlook on the company’s potential growth and value appreciation.

Tata Technologies IPO Listing Date

Merchant bankers are aiming to list equity shares of Tata Technologies by November 30 or December 1 on stock exchanges — BSE and NSE. The date may vary as most of the firms are moving to T+3 mandate given by markets regulator, SEBI for listing.

Earlier in August, SEBI had laid out the complete process flow as well as the timelines for implementation of T+3 for IPOs. The current IPO market operates on a T+6 system where the IPO stock has to list on the stock exchanges by the sixth working day from the closure of the IPO. Now that will be moved to T+3 (excluding holidays), which means the stock will now have to be listed by 3 working days from the closure of the IPO.

At present, SEBI has made it an option for public issues. It will, however, become a mandatory requirement for issues opening after December 1, 2023.