Beating all estimates in the grey market, where shares were said to be trading at a premium of about 80%, Tata Tech shares listed at a 140% premium and then went on to rally another 17% to take the total gain at day s high price to as much as 180%. In recent years, the best IPO in terms of listing gain was that of Sigachi Industries which debuted on November 15, 2021, at 253% premium. The stock debuted at Rs 575 per share against an issue price of Rs 163.
Tata Technologies had a listing gain of 168 per cent on Thursday.The highest listing day gain was recorded by Burnpur Cement in 2008 at 286 per cent. This
The shares of Tata Technologies, an arm of Tata Motors, made a dream stock market debut on Thursday, listing with a huge premium of 140 per cent, against the issue price of Rs 500.
The Tata Tech listing was the best listing of 2023 and also the best since November 2021. However, overall till date, some stocks have performed better than this Tata Group stock in listing gains.