29 February 2024

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Tata Technologies IPO

Tata Technologies IPO: GMP climbs. Date, price, and any other information you may require

Tata Technologies IPO: Tata Technologies Ltd’s initial public offering (IPO) is set to launch on November 22nd, 2023, and will be accessible for bidding until November 24th, 2023. Tata Technologies’ IPO price range has already been set at ₹475 to ₹500 per equity share. Meanwhile, following the announcement of Tata Technologies’ IPO date and price band, the grey market has been extremely positive on the public offering.

According to market observers, shares of Tata Technologies Ltd are currently offered in the grey market at a premium of 340.

Tata Technologies IPO GMP today

As previously stated, the Tata Technologies IPO grey market premium (GMP) today is 340, which is 90 higher than the book build issue’s GMP yesterday morning. According to market experts, the Tata Group is planning an IPO after an almost two-decade gap. The public issue comes at a time when market sentiment is extremely strong, and market observers anticipate a new bull market on Dalal Street. Aside from that, the Tata group’s face value favors grey market attitudes.

They claimed that investors were anxiously awaiting the debut of Tata Technologies’ initial public offering (IPO), and that once the date of subscription opening and price band were published, the grey market would undoubtedly respond significantly in favor of the book build issue.

What this GMP of Tata Technologies IPO refer?

According to market experts, the Tata Technologies IPO GMP today is 340, which suggests that the grey market expects the Tata Technologies IPO listing price to be around 840 per equity share, which is 68% higher than the Tata Technologies IPO price band of 475 to 500 per equity share. As a result, the grey market is indicating a significant listing gain from the public offering.

Tata Technologies IPO

However, stock market analysts believe that gray market sentiment is not a good predictor of listing premium. One should examine the company’s balance sheet because financials show the concrete underlying picture for the long run. They also recommended investors not to take GMP seriously because it concerns even those with a large stake in the public issue.

Tata Technologies IPO Lot Size

Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Retail (Min)130₹15,000
Retail (Max)13390₹195,000
S-HNI (Min)14420₹210,000
S-HNI (Max)661,980₹990,000
B-HNI (Min)672,010₹1,005,000

Tata Technologies IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

About Tata Technologies Limited

Tata Technologies Limited, founded in 1994, is a renowned global engineering services firm. They provide product development as well as digital solutions. Turnkey solutions are provided to worldwide original equipment manufacturers (OEMs) and their tier-1 suppliers.

Tata Technologies aspires to add value to their customers’ lives by aiding them in the development of goods that are safer, cleaner, and increase the end users’ quality of life.

They have developed great experience in serving clients in adjacent industries such as aircraft, transportation, and heavy construction machines due to their strong domain expertise in the automotive industry.

Tata Technologies Limited operates on a global scale. They bring together various teams with distinct skill sets from around the world to interact in real time and solve tough engineering issues.

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Tata Technologies IPO FAQs

What is Tata Technologies IPO?

Tata Technologies IPO is a main-board IPO of 60,850,278 equity shares of the face value of ₹2 aggregating up to ₹3,042.51 Crores. The issue is priced at ₹475 to ₹500 per share. The minimum order quantity is 30 Shares.

The IPO opens on November 22, 2023, and closes on November 24, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Tata Technologies IPO through Zerodha?

Zerodha customers can apply online in Tata Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tata Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Tata Technologies IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Tata Technologies IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

When Tata Technologies IPO will open?

The Tata Technologies IPO opens on November 22, 2023 and closes on November 24, 2023.

What is the lot size of Tata Technologies IPO?

Tata Technologies IPO lot size is 30 Shares, and the minimum amount required is ₹15,000.

How to apply for Tata Technologies IPO?

You can apply in Tata Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through ZerodhaUpstox5PaisaNuvamaICICI BankHDFC Bank and SBI Bank.

When is Tata Technologies IPO allotment?

The finalization of Basis of Allotment for Tata Technologies IPO will be done on Thursday, November 30, 2023, and the allotted shares will be credited to your demat account by Monday, December 4, 2023. Check the Tata Technologies IPO allotment status.

When is Tata Technologies IPO listing date?

The Tata Technologies IPO listing date is not yet announced. The tentative date of Tata Technologies IPO listing is Tuesday, December 5, 2023.