Tata Technologies IPO: With the subscription period for Tata Technologies Ltd's initial public offering (IPO) being closed, all eyes are on the Tata Technologies IPO allotment date and Tata Technologies IPO listing date. Following the T+3 schedule, Tata Technologies' IPO allocation date is most likely on the following three-day bidding trading date. Tata Technologies' IPO concluded on Friday, hence the allotment date for Tata Technologies' IPO is expected to be Tuesday, given the stock market is closed on Saturday and Sunday.
However, the stock market in India will be closed on Monday as well for Gurunanak Jayanti. So, the most likely Tata Technologies IPO allotment date is Tuesday next week, November 28th, 2023, and the most likely Tata Technologies IPO listing date is Thursday next week, November 30th, 2023.
Meanwhile, following a good Tata Technologies IPO subscription rate, the grey market has become even more enthusiastic on the public offering. Shares of Tata Technologies Ltd are trading at a premium of 402 per equity share, according to stock market watchers.
GMP Tata Technologies IPO today
According to market experts, Tata Technologies' IPO grey market premium (GMP) today is 402, up from 397 on Friday. According to them, investor enthusiasm has boosted grey market sentiment. Tata Technologies IPO GMP was 340 prior to the IPO launch date of November 21, 2023, and Tata Technologies IPO GMP today is 402. This indicates that Tata Technologies' IPO GMP has risen from 340 to 402 in the last four days.
Despite the shady patterns on Dalal Street, the grey market premium for Tata Technologies' IPO has climbed. According to market observers, the Tata Technologies IPO GMP could rise further if there is a trend reversal on Dalal Street when it reopens on Tuesday following an extended weekend due to the stock market holiday on Monday for Gurunanak Jayanti.
Subscription status for Tata Technologies' first public offering
Tata Technologies' IPO was subscribed 69.43 times in three days of bidding from November 22nd to November 24th 2023, while its retail part was subscribed 16.50 times. The public issue was subscribed 62.11 times in the NII category, and 203.41 times in the QIB category.
Date of Tata Technologies' Initial Public Offering
As previously stated, the Tata Technologies IPO allotment date is most likely on November 28th, 2023, whilst the Tata Technologies IPO listing date is most likely on November 30th, 2023, i.e. Thursday next week.
How to Check Tata Technologies IPO Allotment Status Those who have applied for the public issue will be able to check their application status online after logging in at the BSE website or the website of the public offer's official registrar. Link Intime India Private Ltd has been designated as the official registrar for Tata Technologies' initial public offering.
