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.
The company s shares are expected to get listed on the exchanges on November 30. According to market sources, Tata Technologies is commanding a premium of Rs 412 in the unlisted market. Considering the upper price band of Rs 500, the stock is likely to debut with a premium of 82%.
As per reports, the Tata Technologies latest GMP suggests a premium of Rs 414, suggesting that the scrip will have a stellar debut on its stock market listing.
Despite no new launches, five IPOs that hit the Street last week will likely see their shares getting listed. Among these, Tata Technologies, with a soaring GMP of over Rs 400, is generating a lot of interest among investors and analysts alike on the potential bumper debut. Considering the upper price band of Rs 500, the stock is expected to list at a premium of over 80% as compared to the issue price.