Tata Tech IPO: Based on the current GMP trends and the likely demand for the shares even post-listing, it won t be a surprise if the Tata Tech stock doubles over the IPO price on the first day itself
Tata Technologies, sold its shares in the range of Rs 475-500 apiece with a lot size of 30 equity shares between November 22-24 to raise a total of Rs 3,042.51 crore.
Last heard and checked from various sources, Tata Technologies was commanding a premium of Rs 410-420 per share in the grey market, against the upper end of its price band at Rs 500 apiece.
The allotment for the initial public offer (IPO) of Tata Technologies is likely to be finalised tomorrow, November 28. Investors can check their allotment status on the issue s registrar Link Intime India s website as well as on BSE.
Shares of Tata Technologies will be listed on both BSE and NSE on Friday, November 30 as the upcoming week will observe a stock market holiday on Monday, November 27.