Tata Technologies Set to Announce Share Allotment Status on November 29
Pune-based Tata Technologies is poised to reveal the status of its initial public offering (IPO) share allotment on November 29. This marks the first IPO from the company in 19 years.
The IPO for Tata Technologies opened on November 22 and closed on November 24, with a price range of ₹475 to ₹500 per share. The robust demand for the IPO was evident as the shares were subscribed 69.43 times on the final day, demonstrating significant interest in the offering.
Qualified institutional buyers heavily subscribed to the IPO by 203.41 times while non-institutional investors subscribed 62.11 times. The retail portion also saw active participation at 16.50 times. Additionally, the employee portion was subscribed 3.7 times, and the portion reserved for shareholders was subscribed 29.19 times.
Currently, the shares of Tata Technologies are commanding a grey market premium (GMP) of ₹410 per share, indicating strong trading demand in the unofficial market.
To check the IPO’s allotment status, individuals can visit the registrar’s website and follow the instructions to access their application status. They will also be able to check the Tata Technologies IPO allotment status on the BSE and NSE websites.
The IPO listing date for Tata Technologies is set for November 30. With widespread anticipation and significant interest from investors, the company’s shares are expected to make a strong debut on the stock exchanges.
As the anticipation builds ahead of the announcement, investors are eager to see the distribution of the shares they applied for in the IPO. With significant interest expressed through a robust subscription rate, the listing of Tata Technologies’ shares on November 30 is eagerly awaited by the market.
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