Tata Technologies, a subsidiary of Tata Motors, recently launched its highly anticipated initial public offering (IPO) and allocated shares to investors through a lottery system. The entire process was supervised by the registrar. Investors showed enthusiastic response to Tata’s first IPO in almost two decades, with the IPO being subscribed 69.43 times on the final day, raising Rs 3,042.5 crore. The company has set the offer price for the shares at Rs 500 per share. The shares of Tata Technologies are expected to be listed on the stock exchange on Thursday, November 30, 2023.
Investors who participated in the Tata Technologies IPO are now waiting for share allocation. To check the status of share allocation, investors can visit the BSE website, select the ‘Equity’ option, choose Tata Technologies from the drop-down menu, enter their application number and PAN card number, and click on the ‘Search’ button. Additionally, investors can also check the status on the website of the registrar, Link Intime, by selecting the ‘Company Select’ option, entering the IPO name, and providing their PAN, application number, DP/client ID, or account number/IFSC. Tata Technologies’ IPO has broken several records, receiving the highest number of applications for an IPO in the country so far. The price band for the IPO has been set at Rs 475-500 per share, while the company’s shares are currently trading at a premium of Rs 420 in the grey market, indicating a potential listing price of Rs 920 per share. The share allocation is expected to take place on Tuesday, November 28, with the listing on the stock exchange anticipated on Thursday, November 30, 2023.
Tata Technologies IPO Information:
1. The Tata Technologies IPO was launched on Tuesday, November 28, 2023.
2. The IPO offered shares of Tata Technologies under the lottery mode to investors.
3. The entire process was conducted under the supervision of the registrar.
4. This IPO marked the first IPO of Tata Group in nearly two decades and received an enthusiastic response from investors.
5. The IPO of Tata Technologies was subscribed 69.43 times on the last day, Friday, November 24, 2023.
6. The company had set the offer price for the IPO at Rs. 500 per share.
7. The allocation of Tata Technologies shares is pending for investors who participated in the bidding.
8. The shares of Tata Technologies are expected to be listed on the stock exchange on Thursday, November 30, 2023.
9. Investors can check the status of share allocation through the BSE website.
10. To check the status, select the ‘Equity’ option, then choose Tata Technologies from the dropdown menu, enter the application number and PAN card number, and click on the ‘Search’ button.
11. Alternatively, investors can also check the status on the website of the registrar, Link Intime.
12. To do so, click on the link for Link Intime’s website, select ‘Company Select,’ enter the name of the IPO, and then enter PAN, application number, DP/Client ID, or account number/IFSC.
13. Tata Technologies IPO has broken several records since its launch, including receiving the highest number of applications for an IPO in the country.
14. The price band for the IPO was set at Rs. 475-500 per share, while the company’s shares were trading at a premium of Rs. 420 in the grey market.
15. The listing of Tata Technologies shares on the stock exchange is expected to take place on Thursday, November 30, 2023, while the allocation of shares is likely to happen on Tuesday, November 28, 2023.
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