After the closure of Tata Technologies Ltd's initial public offering (IPO) subscription, attention now turns to the allotment and listing dates. Following the T+3 schedule, the likely Tata Technologies IPO allotment date is on Tuesday, November 28, 2023, and the listing date is anticipated to be Thursday, November 30, 2023. The Indian stock market is closed on Saturday, Sunday, and Monday (for Gurunanak Jayanti), contributing to this schedule.
The gray market has seen increased activity in response to the strong IPO booking status of Tata Technologies. Market observers report that Tata Technologies Ltd shares are trading at a premium of ₹402 per share. The Tata Technologies IPO gray market premium (GMP) today is ₹402, showing a ₹5 increase from Friday's GMP of ₹397. The gray market sentiment has improved after a robust response from investors. Notably, the Tata Technologies IPO GMP has risen from ₹340 to ₹402 in just four days, starting from ₹340 before the IPO date on November 21, 2023.
Despite the volatility on Dalal Street, the Tata Technologies IPO GMP has shown resilience. Market watchers suggest that further increases in GMP are possible if there is a trend reversal on Dalal Street when it reopens on Tuesday after the extended weekend.
During the three-day auction from November 22 to 24, 2023, the Tata Technologies IPO garnered substantial interest, with an overall subscription of 69.43 times. The retail portion was subscribed 16.50 times, the NII category received 62.11 applications, and the QIB segment received 203.41 applications.
Investors who have applied for the IPO can check their application status online by logging into the BSE website or the official registrar's website, Link Intime India Private Ltd. The BSE direct link for checking allotment status is https://www.ipogmp.org/ipo-allotment-live-ipo-allotment-check-ipo-allotment, and for Link Intime, investors can use the link https://www.ipogmp.org/ipo-allotment-live-ipo-allotment-check-ipo-allotment/. They need to enter their application details to view the Tata Technologies IPO allotment status.
The gray market has seen increased activity in response to the strong IPO booking status of Tata Technologies. Market observers report that Tata Technologies Ltd shares are trading at a premium of ₹402 per share. The Tata Technologies IPO gray market premium (GMP) today is ₹402, showing a ₹5 increase from Friday's GMP of ₹397. The gray market sentiment has improved after a robust response from investors. Notably, the Tata Technologies IPO GMP has risen from ₹340 to ₹402 in just four days, starting from ₹340 before the IPO date on November 21, 2023.
Despite the volatility on Dalal Street, the Tata Technologies IPO GMP has shown resilience. Market watchers suggest that further increases in GMP are possible if there is a trend reversal on Dalal Street when it reopens on Tuesday after the extended weekend.
During the three-day auction from November 22 to 24, 2023, the Tata Technologies IPO garnered substantial interest, with an overall subscription of 69.43 times. The retail portion was subscribed 16.50 times, the NII category received 62.11 applications, and the QIB segment received 203.41 applications.
Investors who have applied for the IPO can check their application status online by logging into the BSE website or the official registrar's website, Link Intime India Private Ltd. The BSE direct link for checking allotment status is https://www.ipogmp.org/ipo-allotment-live-ipo-allotment-check-ipo-allotment, and for Link Intime, investors can use the link https://www.ipogmp.org/ipo-allotment-live-ipo-allotment-check-ipo-allotment/. They need to enter their application details to view the Tata Technologies IPO allotment status.
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