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.
The GMP of the company is strong at Rs 400, which indicates robust debut with 80% premium. There is a high possibility as per street assumption that Tata Technologies can be a wealth doubler candidate post listing
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.