Tata Technologies IPO: Tata’s IPO is coming after two decades, investors gave this advice

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Tata Technologies IPO: Investors have a lot of confidence in Tata’s shares. After almost two decades, a Tata Group company is going to enter the market with its IPO. This IPO of Tata Technology is going to open in the market on 22nd November. Which will close on 24th November.

Tata Technologies The size of IPO can be 35 to 375 million dollars. There is a lot of movement in the gray market regarding this. The price of Tata Technologies IPO is running between Rs 250-275 in GMP. Which shows high demand for the shares of the company.

Tata Technologies Serves major original equipment manufacturers and their Tier-1 suppliers worldwide, including Tata Motors and Jaguar Land Rover. In such a situation, many foreign investors are also showing interest in this.

According to media reports, US asset managers Ghisallo Capital, Oaktree Capital and Key Square Capital as well as BlackRock and Morgan Stanley are also involved. Apart from this, names of some companies are also coming to the fore.

Tata Motors has 74.69 percent stake in Tata Technology. Apart from this, Alpha TC Holdings holds 7.26 percent stake and Tata Capital Growth holds 3.63 percent stake in the company.

The share allocation for the IPO will be divided among different investor classes, which will include qualified institutional buyers (QIBs) who will get 50%, retail investors will get 35%, and non-institutional investors will be allotted the remaining 15%.

Brokerage firms are also giving positive feedback to investors regarding Tata Technologies.

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