Tata Technologies IPO: Listing on stock Marketscheduled for 30 November

On Tuesday, November 28, Tata Technologies is expected to complete its November 24 IPO share plan.

Following the impressive response from investors that led to massive over-subscriptions, many are interested to know if shares were issued prior to listing on the market.

Link In-time Pvt Ltd, the registrar of the transaction, or the Bombay Stock Exchange (BSE) all provide mechanisms to verify the progress of the application. Once the company finalizes the basis for the allocation, investors can verify their position by following these steps.

Today, November 28, is likely to be the closing date for the Tata Technologies IPO. The BSE website and the website of Link Intime India, the issuer, allow investors to track the progress of their shares.

The ₹3,042.51 crore IPO was listed on November 22–24, with prices ranging from ₹475 to ₹500 per share.

On November 22–24, the first initial public offering (IPO) of the Tata Group in over 19 years was listed at 69.43. 312.64 million shares were traded, versus 4.5 million shares. The share submitted by Qualified Institutional Bidders (QIBs) with 203.41 bookings was the largest.

During the three-day announcement, the number of retail investors was subscribed 16.5 times, the non-institutionalized (NII) category was subscribed 62.11 times along with 29.20 subscriptions in the other segment and 3.7 crore announced in the employee segment.

Tata Technology shares are scheduled to be listed on Wednesday, November 30.

How to check the status of your share

Tata Technologies IPO: Listing on stock Marketscheduled for 30 November
Tata Technologies IPO: Listing on stock Marketscheduled for 30 November
  • Visit the BSE website.
  • Select Equity, and select an issue name from the dropdown menu.
  • Post your PAN card number and all application numbers here.
  • Select “Search” from the menu.

You can also do a similar check on that registrar’s website

  • Visit the Link Intime website.
  • Click on “Company Selection” and select the IPO name.
  • At this point, enter your PAN, application number, IFSC, DP, or client ID.
  • Select “Search”.

If all information is entered correctly, the status will not show until after distribution. By November 29, the dividends are due to be paid into the demat account of the winning investors.

The promoter and investor is offering Rs 6.09 crore for sale (OFS) of Tata Technologies as part of its IPO. In the OFS, promoter Tata Motors will sell Rs 4.62 crore equity shares worth ₹2,313.75 crore. Meanwhile, investors Alpha TC Holdings Pvt Ltd, Tata Capital Growth Fund I and Tata Technologies IPO will sell 97.17 million and 48.58 million shares respectively.

Tata Technologies is a pure play focused industrial research and development (ER&D) business with special focus on the automotive industry. It is a subsidiary of the legendary automobile manufacturer Tata Motors.

According to RHP, the company’s listed industry rivals include Tata Elxsi Ltd (P/E of 61.55), L&T Technology Services Ltd (P/E of 37.47) and KPIT Technologies Ltd (P/E of a it is 80.31).

According to statistics, Tata Technologies Ltd registered a 25.81 per cent growth in sales and a 42.8 per cent growth in profit after tax (PAT) for the financial year ended March 31, 2023 to March 31, 2022.

The Tata Tech IPO offered a stake of at least 15% to non-institutional investors (NII), 50% to qualified institutional buyers (QIBs), and at least 35% to a invest in commercial real estate in 1990. Public offerings. Up to 2,028,342 shares have been reserved for the employee shareholders, while up to 6,085,027 shares have been reserved for shareholders of Tata Motors Limited.

Most experts have given Tata Technologies an IPO subscription rating due to the company’s strong financial position, enduring brand and fair valuation

Tata Technologies is trading at a P/E of 28.8x (FY24E annualized EPS) at a premium price of ₹500, which Jiojit Financial Services considers reasonable compared to competitors.

Its broad global footprint, deep brand heritage, wealth of automotive expertise and strategic alliances with leading companies in the region give it a clear edge that supports its expansion objectives and results is that we view the stock as a “subscription” over the medium to long term,” the brokerage said.

Tata Technologies IPO GMP today

The gray market premium (GMP) for the Tata Technologies IPO was ₹414, as it was the day before and the day before. After strong investor response, gray market sentiment around the IPO turned optimistic. The Tata Technologies IPO GMP was earlier 340 on November 21, 2023, the opening day of the company.

According to the revised GMP, shares of Tata Technologies are expected to be offered at a price of 83 per cent or ₹914.

It is important to remember that the gray market premium can change suddenly and is only an indicator of how a company’s shares are doing in the unlisted market.

Tata Tech IPO GMP and listing expectations

Shares of Tata Technologies are expected to be traded on November 30. With the Gray Market Premium (GMP) at â‚1414, the listing price is estimated at R914, representing a premium of about 83 per cent.

Citing a strong brand history, growing economy and affordability, most analysts suggest a ‘subscribe’ strategy.

It is important to remember that the Gray Market Premium (GMP) is seen as speculative and not consistent, although it may offer potential insights. Economists and analysts have previously warned investors that GMP has no correlation with the fundamental financial elements of the business.

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