Tata Technologies IPO GMP, Share Price Today, Expected Date, Lot Size, Review: This post discusses all the important details of the Tata Technologies IPO GMP, Share Price Today, Expected Date, Lot Size, Review and more. So stay tuned to know the Initial Public Offerings and Grey Market Price of Tata Technologies.
Tata Technologies IPO GMP
The Indian multinational product engineering company Tata Technologies has been given a green signal from the Securities Exchange Board of India for the launch of an IPO. The company was incorporated in 1994 and offers product development and digital solutions. It is the 15th largest IT company in the Fortune India Infotech Industry ranking. Hence, investors worldwide have focused on the Tata Technologies IPO launching soon.
The main objective behind the IPO is to Realize the benefits of listing the equity shares on the stock exchanges and execute the selling shareholders’ offer to sell up to 95,708,984 equity shares.
As per the stock market observers, the Grey market price of Tata Technologies shares is Rs 100. The limited company’s shares are available at a premium of Rs 100 in today’s grey market. The shares for the Tata Technologies IPO will be listed on NSE and BSE. Last week, the GMP price of Tata Technologies shares was Rs 105, which slipped down to Rs 100 this week.
Tata Technologies IPO Highlights
| Tata Technologies IPO Opening Date | 2023 (Yet to Announce) |
| Tata Technologies IPO Closing Date | 2023 (Yet to Announce) |
| Lot size | Approx 95,708,984 Equity Shares |
| Shares Offered for Sale | Approx 95,708,984 Equity Shares |
| Face Value | Rs 2 per equity share |
| Shares listed on | NSE and BSE |
| Retail Investors | 35% of the Net Issue |
| QIB Investors | 50% of the net issue |
| NII Investors | 15% of the net issue |
| Issue Type | Book Built Issue IPO |
Tata Technologies IPO Share Price is expected to come to around Rs 295. But if the company offers their shares at a discount of Rs 10 – 15 to make it more attractive, then the share price may be around Rs 265 to 270 per equity share. However, if the company tries to maximise its returns, it offers its stock at higher valuations. Then, the IPO expected share price would be around Rs 310 to 320 per equity share.
Tata Technologies IPO Expected Date
The exact IPO dates of Tata Technologies are not known yet. But as we know, the multinational company gets approval from SEBI to launch an IPO, and it will normally take at least one to two months to launch the IPO. Based on this and the news circulating on social media about the IPO, the expected IPO launch Date would lie in the middle of September 2023.
Tata Technologies Lot Size
The company is offering approx 95,708,984 Equity Shares for sale. The issue was an offer for sale. No fresh funds were coming into the company. The shares offered for sale are listed on the National Stock Exchange and Bombay Stock Exchange.
Tata Technologies IPO Allotment Dates
The allotment of the shares will be done after the IPO closing date. The shares applied by the investors will be credited into the Demat account of the investors, and those who did not receive the allotment will get their money back.
Presently, the IPO dates have not come out, and we will let you know soon after we get any news.
Tata Technologies Review
Tata Technologies has an overall rating of 3.8 out of 5. The ratings shown here are based on the anonymous reviews left by employees. The ratings have an increase of 3% over the year. As of 2023, the company has employed over 11,000 employees across India, Europe, North America, and Asia.
Tata Technologies is one of the leading automotive engineering and development services companies. The company’s work culture has been rated 3.5 out of 5, while work balance and job security are rated 3.8 out of 5. 76% of the employees have a positive outlook for Tata Technologies.
How to apply for Tata Technologies IPO?
You can use ASBA or UPI as a payment method while submitting an online Tata Technologies IPO application. The ASBA IPO application is accessible through your bank account’s net banking. Brokers that don’t provide banking services offer UPI IPO applications. More information on applying for an IPO online through Zerodha, 5Paisa, Nuvama, Upstox, ICICI Bank, SBI Bank, and HDFC Bank can be found here.
The exact IPO and allotment dates will be updated on this page, with further news coming regarding the Tata Technologies Initial Public Offerings. So please bookmark the web page if you are interested in investing in Tata Technologies IPO.
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