Tata Technologies IPO: SEBI Approves Launch of IPO
The capital market regulator, Securities and Exchange Board of India (SEBI), has given its approval for the launch of Tata Technologies’ IPO. Experts predict that the IPO will be launched sometime this month, as it usually takes one to two months for the launch after SEBI’s approval. The approval was granted a month ago, and the IPO is eagerly awaited by investors. (Tata Tech Share Price)
Gray Market Premium for Tata Technologies’ IPO
In the gray market, the premium for Tata Technologies’ IPO remains stable. Market watchers report that the shares of Tata Technologies Limited are available at a premium of Rs 100 in the gray market today.
Tata Technologies’ IPO Launch Date
According to research experts at Profitmart Securities, it typically takes one to two months for a company to announce the launch date of its IPO after receiving SEBI’s approval. Therefore, it is expected that Tata Technologies’ IPO will open for customers in the month of September.
Tata Technologies’ IPO: Expected Price Band
Analysts at Bonanza Portfolio have analyzed Tata Technologies’ financials and compared them with a similar business, Scient. Tata Technologies reported a TTM revenue of Rs 3,983 crore and a TTM net profit of Rs 513 crore, resulting in a TTM EPS of Rs 12.65. Based on this analysis, the intrinsic value of Tata Technologies’ shares is estimated to be Rs 268 per share. The market capitalization of Tata Technologies has reached Rs 10,852 crore.
Tata Technologies’ IPO Gray Market Premium
The gray market premium (GMP) for Tata Technologies’ IPO currently stands at Rs 100, unchanged from last week. The GMP had briefly fallen to around Rs 84 earlier in the week but regained momentum and is back in triple digits. This indicates positive market sentiment and suggests potential listing profit for lucky allottees.
Tata Technologies’ IPO Review: Five Reasons to Apply
Experts at Angel One Brokerage have provided five compelling reasons to apply for Tata Technologies’ IPO:
- Tata Technologies is a global leader in automotive ER&D services.
- Tata Technologies serves 35 traditional OEMs and Tier-1 suppliers, as well as 12 new energy vehicle companies.
- In FY 2022, Tata Technologies’ anchor client share was Rs 10,696.45 million, accounting for 40.34%.
- Tata Technologies offers comprehensive solutions for EV development, manufacturing, and after-sales services.
- Tata Technologies has a global presence with marquee clients in Europe, North America, and Asia Pacific.
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