Tata Technologies IPO: GMP, Price, Lot Size, and Reviews – Should You Apply

Get the latest details on Tata Technologies IPO, including the grey market premium, issue price, lot size, and expert reviews. Learn about important dates, investment limits, and the overall sentiment surrounding the IPO. Find out whether experts recommend applying for Tata Technologies IPO.

Tata Technologies IPO: GMP, Price, Lot Size, and Reviews – Should You Apply

Tata Technologies Limited’s IPO is making headlines as it returns after nearly two decades. Here’s a comprehensive overview of the IPO, including key details and expert opinions to help you decide whether to apply.

  1. Grey Market Premium (GMP): Shares of Tata Technologies are currently trading at a premium of ₹355 in the grey market, signaling a bullish trend, as per investorgain.com.
  2. IPO Dates: The IPO is open for bidding from today, and the subscription window will remain open until November 24, 2023.
  3. IPO Price Band: Tata Technologies has fixed the IPO price band at ₹475 to ₹500 per equity share.
  4. IPO Size: The public issue aims to raise ₹3,042.51 crore and is entirely an Offer for Sale (OFS).
  5. Lot Size: Investors can apply for one lot, which comprises 30 company shares.
  6. Investment Limit: With the IPO price band at ₹475 to ₹500 per equity share, a retail investor will need a minimum of ₹15,000 (₹500 x 30) to apply for one lot.
  7. Allotment Date: Following the T+3 schedule, the allotment of shares is expected to be finalized on November 27 or latest by November 28, 2023.
  8. Listing: The IPO, valued at ₹3,042.51 crore, is proposed for listing on both BSE and NSE.
  9. Listing Date: Considering the T+3 schedule, the public issue is likely to be listed on the third trading session after closure. With the IPO closing on November 24, 2023 (Friday), the listing is expected on November 29, 2023.
  10. Expert Reviews:
    • Arun Kejriwal, Founder of Kejriwal Research and Investment Services, suggests a ‘subscribe’ tag, citing Tata Technologies’ leading role in the EV segment and an attractively priced issue with scope for appreciation.
    • Rajesh Sinha, Sr. Research Analyst at Bonanza Portfolio, recommends applying, emphasizing Tata Technologies’ undervaluation compared to industry peers.
    • Prashanth Tapse, Senior VP — Research at Mehta Equities, advocates subscribing for the long term, citing reasonable pricing and strong long-term prospects.
  11. Other Recommendations: Reliance Securities, Arihant Capital, Ventura, and Investmentz have also given a ‘subscribe’ tag to Tata Technologies IPO.

Note: Investors are advised to conduct their own research and consider their risk tolerance before making investment decisions.

Disclaimer: The information provided is based on available sources, and readers are encouraged to refer to official prospectuses and announcements for accurate and updated details.