Tata Technologies IPO created a stir before opening, amazing action seen in gray market
Tata Technologies IPO: If you are also looking for an opportunity to invest in Tata Group, then the date of 22nd November is very important for you. On this day, after almost two decades of waiting, the IPO of Tata Technology of Tata Group is going to be launched.
Tata Technologies IPO: Investors can subscribe in this IPO of Tata Technology till 5 pm on 24 November 2023 (Friday). After this, shares will be alloted on number 30.
However, even before the investment, Tata Technology’s IPO has created a stir in the market. The price band of IPO has been kept at Rs 475 to Rs 500 by the company. The unlisted price of the company is about 47 percent less than the share.
There is a lot of activity being seen in the gray market regarding the IPO of Tata Technology. Looking at the current trends, it is being said that the listing of the company’s shares is likely to be very strong.
After the news of IPO, a premium of Rs 200 was being given on the shares of Tata Techno in the gray market. Which has increased to around Rs 370 today.
If seen accordingly, at the upper price band of Rs 500, shares of Tata Technology Share can be listed at Rs 870. In such a situation, investors are expected to get bumper profits per share.
The company has fixed the listing date of shares in December. According to media reports, Tata Technology shares may be listed on December 5.
Retail investors will have to apply for a minimum of one lot and a maximum of 13 lots in Tata Technology shares. There are 30 shares in one lot. This means that the investor will have to invest at least Rs 15 thousand in it.
(Note: Investing in share market is subject to market risk. Please consult a financial advisor before investing.)
