At a 140% premium over the issue price of Rs 500, Tata Technologies listing price of Rs 1,200 beat Street s estimates. While the stock was expected to double on the listing, it went far beyond, hitting the day s high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band.
The earlier norm was to bid huge amounts in a single application and corner shares in allotment. Now, it has changed to putting up multiple applications by turning to friends, family or even foe, said experts
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