In this article, we will talk about the Tata Technologies IPO. Tata Technologies Limited is an Indian multinational product engineering company that provides services in engineering and design, product lifecycle management, manufacturing, product growth, and IT service management to automotive and aerospace original equipment manufacturers as well as industrial machinery firms. It is a helper of Tata Motors. Reportedly, Tata Technologies IPO cost band has been selected in the range of ₹475 to ₹500 per equity share with a face value of ₹2. Here we have more information about the news and we will share it with you in this article.
As per the report, Tata Technologies IPO date of subscription is prepared for Wednesday, 22 November, and closes on Friday, 24 November. The allocation to anchor investors for Tata Technologies IPO is scheduled to happen on Tuesday, 21 November 2023. The floor cost is 237.50 times the face value of the equity shares and the car cost is 250 times. The cost of gaining ratio based on diluted EPS for financial year 2023 at the cap cost has been as high as 32.53 times and at the floor price 30.90 times. Scroll down to the next page for more information about the news.
Tata Technologies IPO lot size is 30 equity shares and in several of the 30 equity shares thereafter. Tata Technologies IPO basis of allocation of shares will be completed on Thursday, November 30 and the firm will start restitution on Friday,1 December, while the shares will be made to the demat account of allottees on Monday, 4 December. Tata Technologies IPO shares are likely to be listed on BSE and NSE on Tuesday, 5 December. If in case, the firm decides to switch to the T+3 norm, the dates will be extended. You are on the right page for more information about the news, so please read the complete article.
Tata Tech IPO has reserved not over 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non-Insitiutaiol Investors (NII) and not less than 35% of the offer is reserved for Retail Investors. The worker reservation portion is allocated up to 2,028, 342 equity shares, and Tata Motors Ltd share shareholders has been reserved up to 6,085,027 equity shares. At the upper end of the price band, the Tata Tech IPO is anticipated to raise ₹3,042.51 crore. Tata Tech IPO GMP or grey market premium is +298 and shows Tata Technologies share cost today has been trading at a premium of ₹298 in the grey market on Thursday. Here we have shared all the information that we had. Stay tuned to us for more updates.