Tata Technologies IPO: Unveiling Share Allotment Status and GMP Insights
The allocation of Tata Technologies IPO shares is anticipated to transpire on Tuesday (November 28), serving as the pivotal occasion for investors to discern their allotted share quantities.
How to Verify Tata Technologies IPO Allotment Status via the BSE Website
- Navigate to the official BSE website by logging in through the direct BSE link at bseindia.com/investors/appli_check.aspx.
- Choose ‘Equity’ under the ‘Issue Type’ category.
- Select the ‘Issue Name,’ which can either be your application number or PAN details.
- Complete the verification by clicking ‘I’m not a robot’ and then proceed with submission.
The status of your Tata Technologies IPO application will be displayed on the screen.
Alternatively, you can check the IPO allotment status via registrar Kfin Technologies’ website by accessing kprism.kfintech.com/ipostatus.
Tata Technologies IPO GMP and Subscription Overview
Recent reports indicate that the latest GMP for Tata Technologies stands at an impressive premium of Rs 414, foreshadowing a stellar debut on the stock market listing. It is imperative to note that the grey market premium, being derived from the unlisted market, may exhibit real-time variations on the stock market.
In terms of subscription, the Rs 3,042.5 crore IPO of Tata Technologies, specializing in engineering and product development digital services, witnessed a remarkable subscription rate of 69.43 times on the final day. Notably, institutional buyers played a pivotal role in driving this exceptional participation.
Tata Motors, in compliance with SEBI LODR Regulations, disclosed the finalized offer price of ₹500 per Equity Share, aggregating to ₹30,425.14 million for the IPO. The offering includes an offer for sale by the Company, Alpha TC Holdings Pte. Ltd., and Tata Capital Growth Fund I, subject to the conclusive determination of the basis of allotment.
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