The initial public offering by Tata Technologies Ltd witnessed a remarkable response from the investor with a subscription of 69.4 times. The IPO by a Tata Group company in nearly two decades was open for subscription from November 22 to 24.
Notably, the investor purchased 312.65 crore equity shares against the offer size of 4.5 crore shares, reflecting a substantial demand. The total bids amounted to ₹1.56 lakh crore worth of shares in just three days, according to a Moneycontrol report.
The ₹ 3,042.51 crore IPO was open for subscription for three days at a price range of ₹ 475-500 per share.
As the subscription period has ended, the investor are awaiting the share allotment by Tata Technologies. The share allotment for Tata Technologies IPO is expected by Tuesday, November 28.
The investor can check the share allotment status on the websites of BSE or the official registrar. Link Intime India has been appointed as the official registrar for the Tata Tech IPO.
Tata Technologies IPO: How to check allotment status?
Once allotted, the investor can check the share allotment status using their application or PAN details.
Follow these steps to check status on BSE website:
1. Visit the BSE website, at www.bseindia.com
2. Choose ‘Equity’ and select the issue name from the dropdown.
3. Enter your application number and PAN card number.
4. Click on the ‘Search’ button.
On Link Intime website:
1. Visit the Link Intime website, at www. linkintime.co.in/IPO/public-issues.html
2. Select Tata Technologies from the dropdown list of company names.
3. Enter your PAN, application number, DP/Client ID, or account number/IFSC.
4. Click on ‘Search’.
Please make sure that the details are entered correctly to view the status after allotment.
Tata Technologies IPO: Listing date
Successful investor can expect the equity shares to be credited to their demat accounts by November 29. The shares are likely to be listed on the stock exchanges on November 30, according to reports.
Tata Technologies IPO is gaining a good response in the unofficial grey market. The premium over the issue price of ₹ 500 per share has increased by about 10 per cent up to 80 per cent, as on November 27. Before the IPO opened for subscription, the quoted grey market premium was 70 per cent.
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