Shares of Tata Tech will be listed today, with GMP showing signs of huge gains.

Tata Technologies IPO List: Tata Technologies’ IPO is big news for investors. The company’s shares are going to be listed today. After almost 20 years, there was great excitement among investors for the Tata Group’s IPO. According to information on the BSE website, Tata Tech’s IPO will make its stock market debut on November 30, i.e. with today’s listing. It will be listed on both BSE and NSE.

There are signs of great listing.

Tata Tech’s Rs 3,042.51 crore IPO has been launched entirely through an offer for sale. The IPO received a strong response from investors and the issue was closed with 64.43 times subscription. Shares of Tata Tech are floating at a gray market premium i.e. GMP. The GMP of Tata Technologies’ IPO shares on November 30 remains at Rs 425 per share. It should be noted that in the IPO, the issue price of the shares was fixed at Rs.500. This means, if you get a GMP of Rs 425 on a share price of Rs 500, the stock may show a listing at a bumper premium of 85 per cent.

If the listing goes according to GMP, Tata Tech shares can be listed today at Rs 925 per share with a bumper premium of 85 per cent. At the same time, some experts believe that the shares may touch the Rs 1,000 level on the day of listing itself.

There was a good response from the investors

Investors showed a lot of interest in Tata Technologies’ IPO and bids for 3,12,63,97,350 shares were received against the company’s 4,50,29,207 shares. Retail investors subscribed 16.50 times, qualified institutional investors 203.41 times and non-institutional investors 62.11 times. The shares of the company’s employees have been subscribed 3.70 times and those of shareholders 29.19 times. The IPO was open to investors between November 22 and 24. The company had fixed its price band between Rs 475 to Rs 500 per share.

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