Here’s everything to know about Tata Technology IPO
Established in 1994, Tata Technology is a strategic engineering partner that runs many businesses that encapsulate many realms of the industry, such as automotive, heavy machinery, and aerospace, to enrich people’s lives! Tata Technology has pledged to bring diverse skills with different skill sets! Recently, a subscription was closed to the IPO of Tata Technologies Ltd. After the successful closure of Tata Technologies Ltd, everyone is looking forward to the IPO allotment date and listing date. November 28 is when the Tata Technology IPO allotment date will be, and its listing date will be November 30.
Tata Technologies, the 15th largest IT Company, operates from 25 countries with 11000 employees. Brand Finance has recognized Tata Technologies as the most valuable brand in India. The company is an out-and-out pure-play manufacturing company that is highly focused on Engineering Research and Development. The most astounding fact about Tata Technologies Limited is that they are engaged with seven out of the Top-10 automotive ER and D spenders. They have also engaged with 5 out of 10 prominent new energy ER and D spenders since 2022.
Tata Technologies IPO Price band
Tata Technologies’ Initial Public Offering (IPO) opened on November 22 with a price band of Rs. 475- Rs. 500. The IPO size is roughly estimated at Rs. 2890- 3042 crores. The company’s capital market is estimated to be around Rs 20,283 crores. The Initial Public Offering raised no money for the company. However, it raised capital for the shareholders’ compensation. Nonetheless, the IPO remained one of the most popular issues throughout the year owing to its healthy financials and strong valuation.
Tata Technology IPO GMP
Industry experts have extrapolated the data, and based on their results, they have said that the Tata Technologies IPO Grey Market Premium on November 25 was Rs. 402, and on the 24th, just a day before, it was Rs. 397. The investors are estimated to get at least 50% upon the listing, and the IPO will sell at a high premium. Tata Technologies shares are selling on the grey market for Rs. 888 a share, which is a 77% premium.
The Tata Technologies Gray Market Premium IPO has steadily risen even after a sudden decline before the final few hours on Dalal Street. Many industry experts have made many assumptions that the Tata Technologies IPO GMP will likely go up further when it reopens on Tuesday if there is a trend reversal.
What are the strengths associated with Tata Technologies Limited?
Following are some of the strengths associated with Tata Technologies Limited-
- The company has a comprehensive portfolio of all the traditional Original equipment manufacturers.
- Tata Technologies Limited is a company that provides end-to-end solutions for the development and manufacturing needs of its customers.
- The company has top-notch equipment.
- Tata Technologies Limited has expanded its horizons and has partnered with some of the biggest manufacturing companies in the world.
Tata Technology IPO Synopsis
The opening date of Tata Technologies Limited’s IPO is from November 22 to November 24. According to the estimate, Tata Technologies IPO has an OFS of around 60,850,270 equity shares worth around Rs. 3042.51 Crores.
The Tata Technologies IPO will be the first Tata Group IPO since 2004. Tata Motors holds a 74.69% stake, and the Tata Capital Growth Fund I only has a 3.63% stake in the company.
How to apply for Tata Technologies IPO?
All one has to do is apply for the Tata Technologies IPO via ASBA, which is available in your bank account. Go to the bank login section on the website or the application and apply via your bank account by selecting Tata Technologies IPO in the invest section. One can also apply for the Tata Technologies IPO via the IPO forms downloaded via NSE and BSE through stock brokers.
Tata Technology IPO review
The Tata Technology IPO, which was last launched in 2004, has been creating a buzz around the market even since it filed for DRHP (Draft Red Herring Prospectus). It is a document that has been exclusively prepared to give an insight about a new business to an investor. If you are an avid investor who is seeking long term returns, it is recommend that you invest in the Tata Group shares at the current price.
In the end, it all narrows down to your risk tolerating capability and investment goals. One should not overlook the company’s fundamentals and market conditions. It is important to conduct a thorough research and consult with a well reputed financial advisor before making any pivotal decisions.
