Tata Technologies IPO GMP, IPO Launch Date, Issue Date, Share Price: The Indian multinational Product Engineering company has been given a green signal to conduct the Initial Public Offering. So investors interested in buying the company’s shares must read the entire article to know Tata Technologies IPO GMP.
Tata Technologies IPO
Tata Technologies is among the reputed companies in India. Since its inception in 1989, it has provided services in engineering and design, manufacturing, product lifecycle management, and IT service management. It is a subsidiary company of the tech giant Tata Motors.
Recently, the company announced that it will be offering shares to investors that will be listed on the National Stock Exchange and Bombay Stock Exchange. After 19 years, the company will be listed on the stock market. The company will be offering 95,708,984 equity shares to the investors, of which the face value per share is Rs 2.
Tata Technologies IPO GMP
The number of shares offered for sale represents approximately 23.60% of the paid-up share capital of teh company. The issue is completely an offer for the sale of 9.75 crore shares. The reservation for the Tata Technologies IPO has been fixed at not more than 50 % of the net issue for the QIB investors, not less than 35% for the retail investors, and not less than 15% for NII investors.
The grey market value of the shares has not been known currently as the Tata Technologies has not even started. For those who are unaware of the GMP price, it is the most expected price of the listing of the shares. The GMP in the case of Tata Technologies is normally steady, and the shares are expected to be available at a premium of Rs 100 in the Grey market today.
Tata Technologies IPO Release Date
|Tata Technologies IPO Total Issue Size||95,708,984 equity shares|
|Face value per share||Rs 2|
|Issue Type||Book Built Issue Type|
|Shares Listed at||National Stock Exchange, Bombay Stock Exchange|
|IPO Launch Date||Unavailable|
|QIB Investors IPO Reservation||Not more than 50%|
|Retail Investors IPO Reservation||Not less than 35%|
|NII Investors IPO Reservation||Not less than 15%|
Tata Technologies IPO Launch Date
SEBI has given the approval for the launch of the Tata Technologies IPO, and it’s been nearly two months now. Normally, a company takes around two months to announce its Tata Technologies IPO date; hence, the launching date is anticipated to be made public anytime soon.
As per the market experts, the opening for subscribers can be expected in the first week of October 2023. The exact IPO date will be informed immediately after the announcement on our website.
Tata Technologies IPO Issue Date
The opening and closing date of the Tata Technologies IPO is presently unavailable. Investors who are interested in buying the shares of the company should know that they have to apply for their desired lot before the closing date.
Once the Tata Technologies IPO closes, the company’s allotment of the shares has been made, and the same number of shares will be allotted to the investor’s demat account.
Tata Technologies is a renowned company with a strong reputation in the market, and people have trust in the company’s products. Hence, the IPO is expected to open at a higher price, but to keep enough space for the investors, the price band may be around Rs 280 – 320. The company is proposing 405,668,530 shares to list on the NSE and BSE. The Tata Technologies IPO price is predicted to come around Rs 295.
Sometimes, companies also offer their shares at a discount of Rs 10 -15 to attract investors. So, if Tata Technologies offered their shares at a discounted price, the share value could range between Rs 265 to Rs 270.
Contrary to this, if the IPO response is over expectations, the shares will likely be offered at valuations that are the same percentage points higher. In that case, it is anticipated that the share price is likely to be between Rs 315 to Rs 320.
Tata Technologies Contact Details
The contact details of Tata Technologies have been shared with investors interested in the Tata Technologies IPO. They can contact the authorities and gather more information about the Initial Public Offering to be conducted soon.
Tata Technologies Limited
Plot No. 25,
Rajiv Gandhi Infotech Park Hinjawadi,
Pune 411 057
Phone: +91 20 6652 9090
Our Website: Click Here