Tata Technologies, a leading player in the technology and engineering services sector, is set to make waves in the financial world as it prepares for its highly anticipated Initial Public Offering (IPO). This IPO has captured the attention of investors and market observers alike. With a price range of ₹475 to ₹500 per share and a lot size comprising 30 Tata Technologies shares, the company’s stock market debut promises to be a significant event.
Moreover, the Grey Market Premium (GMP) has been on the rise, indicating strong interest from potential investors. As we delve deeper into the details of this IPO, let’s explore what investors can expect and what the market projections suggest for Tata Technology’s future. Keep reading and get to know everything related to IPO.
Tata Technologies IPO Date
Tata Technologies gears up for its Initial Public Offering (IPO) scheduled to open on November 22, 2023, and close on November 24, 2023. This eagerly awaited IPO promises to be a significant event for investors and the business world alike. The schedule will take place on these dates and investors can take advantage of these IPO and make their world more unique in the business era.
Tata Technologies IPO Details 2023
|22 November 2023 – 24 November 2023
|₹475 – ₹500
Tata Technologies Share Price 2023
Tata Technologies has determined the price range for its upcoming Initial Public Offering (IPO) to be between ₹475 and ₹500 per share, providing potential investors with a spectrum of pricing options to consider. It’s crucial for prospective participants to be aware that the lot size for Tata Technologies’ IPO is structured to include 30 shares of the company.
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Tata Technologies IPO GMP
Market observers have been closely tracking the Grey Market Premium (GMP) for Tata Technologies IPO. As of today, the GMP stands at ₹375, reflecting a ₹35 increase from yesterday’s morning GMP of ₹340. The GMP for Tata Technologies IPO began to surge on Friday, and by the close of the stock market that day, it had reached ₹367.
Tata Technologies market cap
Investors should be aware of the minimum bid amounts for different categories. Retail investors can participate with a minimum bid amount of Rs 15,000. Non-institutional investors (NIIs) are required to bid a minimum of Rs 210,000, while qualified institutional buyers (QIBs) have a minimum bid amount of Rs 1,005,000. Axis Capital, a prominent financial institution, has estimated the post-issue market capitalization of Tata Technologies to fall between Rs 19,269 crore and Rs 20,283 crore. These projections indicate the potential valuation of the company in the public market after the IPO.
Investors and market enthusiasts are eagerly awaiting the opening of Tata Technologies IPO on November 22, 2023. This offering is expected to garner significant attention in the days to come, and its performance will be closely watched by industry experts and investors alike. More new exciting things for the share market will hit the market soon, be the one to handle all these things and make things possible within every step. Stay tuned for more updates as this exciting financial event unfolds.