Friday, February 23rd, 2024

Allotment of Tata Technology IPO may be released tomorrow, there is a jump in GMP?

Photo:FILM Tata Tech IPO

Tata Technology IPO GMP Today: Allotment of Tata Technology IPO can happen on Tuesday (28 November). Investors can easily check their allotment by visiting the official website of BSE and the website of the Registrar.

Tata Technology IPO: Today’s GMP

According to Mint report, GMP on Tata Technology is running at around Rs 414 per share. As per GMP, Tata Tech shares are likely to be listed at Rs 914 per share (Rs 500 issue price + Rs 414 GMP). Let us tell you, GMP acts only as an indicator and tells how the market is regarding a particular IPO. It changes very fast.

The entire IPO was OFS.

Tata Technologies IPO is an OFS of 6.09 crore equity shares entirely by the promoter and investors. Promoter Tata Motors sold 4.62 crore equity shares worth Rs 2,313.75 crore in the OFS, while investors Alpha TC Holdings Pte Ltd sold 97.17 lakh shares and Tata Capital Growth Fund I sold 48.58 lakh shares in the Tata Technologies IPO.

Tata Technologies business

Tata Technologies provides digital services related to engineering and product development. Let us tell you that the company has more than 12,000 employees. The company has 19 global delivery centres. The company’s global delivery model is spread across three continents: Asia-Pacific, Europe and North America. This IPO opened on November 22 and closed on November 24, 2023.

Tata Technologies gets record application

Tata Technologies has also overtaken LIC, the largest IPO in the Indian stock market, in terms of total applications. Tata Technologies’ IPO has received around 73.60 lakh applications. At the same time, LIC’s IPO that came last year had received 73.4 lakh applications.

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