Tata Technologies IPO breaks LIC’s record, know allotment status, GMP and listing date
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Tata Tech IPO Allotment Status: The IPO of Tata Technology of Tata Group, which came into the market after a wait of almost two decades, created a stir in the market. According to the brokerage firm, till the last day of application on November 24, 73.5 lakh people applied, which became a record in the market. Earlier, 73.38 lakh applications were received for LIC’s IPO. It is being told that on the last day on Friday, subscription was received 69.43 times. Before this, the IPO of Tata Consultancy Services (TCS) came in the year 2004. According to NSE data, in this IPO worth Rs 3,042.5 crore, a total of 3,12,64,91,040 shares have been bid against the offer of 4,50,29,207 shares. The qualified institutional buyers segment received 203.41 times subscription while the non-institutional investors segment received 62.11 times bids. The retail individual investor segment has received subscription of 16.50 times. Tata Technologies’ issue was fully subscribed within minutes of opening on Wednesday. For this, the price range of Rs 475-500 per share was fixed. This issue is purely based on offer for sale. During this period, 6.08 crore equity shares have been offered for sale. Before the opening of the IPO, the company had raised Rs 791 crore from big (anchor) investors.
There was a stir in the gray market
There is a stir in the gray market regarding Tata’s IPO. It is expected that the listing of shares may happen on December 5. The gray market premium (GMP) of Tata Technologies has increased significantly. Last heard, Tata Tech was commanding a premium of Rs 415-420 per share in the informal market, which suggests a listing pop of over 80 per cent for investors. However, during the bidding period it was around Rs 380-390 per share. JM Financial, Citigroup Global Markets India and BofA Securities India are the lead managers of the Tata Tech IPO, while Link Intime India is the registrar for the issue.
How to check allotment status on registered portal
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Go to the registered portal. After clicking on the available link, you will see five links where the status can be checked.
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By clicking on one of the links, select JSW Infrastructure Limited from the dropdown menu in the IPO section.
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Select any one of the three options to check allotment status, i.e. Application Number, Demat Account or PAN.
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If you have chosen the first option, type the application number and captcha code, then click on ‘Submit’.
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If you have opted to check status through Demat account number, type it and enter the captcha code before clicking on ‘Submit’.
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For the third option, enter your PAN number and type the captcha code. Click on ‘Submit’.
How to check allotment status on BSE and NSE
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For BSE, visit the allotment page on the official site. Now select ‘Equity’ under the ‘Issue Type’ section. Select IPO from the dropdown option under ‘Issue Name’.
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Enter your PAN or application number to check the status.
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Go to the website of National Stock Exchange.
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Select the ‘Click to Sign Up’ option and register yourself with your PAN.
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Now login using username, password and captcha code. Check your IPO allotment status on the new page that opens.
what is ipo
Full name of IPO Initial Public Offering Is. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.
How to invest in IPO
Before investing in IPO, understand the related documents completely. Investing in this is risky. In such a situation, take help from a financial advisor. To subscribe to an IPO, you must have a demat account. If you do not have one, you can approach a registered stockbroker or Depository Participant (DP) to open a Demat account. Next, choose a registered stockbroker that offers IPO services. You can do this through online trading platforms or by visiting the broker’s office in person. Stay updated with IPO announcements and their details. Information about upcoming IPOs is usually available on the websites of stock exchanges, financial newspapers and the official website of the company issuing the IPO. Once you have selected an IPO that you want to subscribe to, you can apply online or offline.
,Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money.,
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