Pune-based Tata Technologies, a global engineering research and development (ER&D) company, is set to make a major announcement regarding its IPO on November 29. This IPO marks Tata’s first venture into the market in 19 years.
The Tata Technologies IPO began on November 22 and closed on November 24 with a price band of ₹475 to ₹500 per share. On the final day, the IPO was oversubscribed 69.43 times, receiving bids for 312.65 crore equity shares against 4.5 crore shares on offer. Notably, the qualified institutional buyer portion was subscribed 203.41 times, the non-institutional investors portion was subscribed 62.11 times, and the retail portion was subscribed 16.50 times. The shares also commanded a grey market premium (GMP) of ₹410 per share.
The allotment status can be checked on the registrar’s website, where applicants can enter their details to view the number of shares applied for and the number of shares allotted to them. The listing date for the Tata Technologies IPO is set for November 30.
In addition, applicants can also check the allotment status on the BSE and NSE websites.
The highly anticipated announcement is expected to have a significant impact on the market, with many eagerly awaiting the IPO’s outcome. As interested parties await the news, the excitement and anticipation continue to grow.
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