November 29, Evening Update: Tata Tech IPO allotment is finally available. You can visit Link Intime IPO allotment status page to check the allotment status. The link to check IPO status are also given below.
Tata Technologies IPO allotment status was announced on November 29, 2023 afternoon instead of expected date of November 28. Tata Tech allotment status can be checked on Link Intime website. The bidding for the Tata Tech IPO was open between November 22-24 and the company’s Red-Herring Prospectus mentions the tentative allotment date as November 30, 2023. However, with most companies following the T+3 rule for listing, news reports cite that Tata Tech IPO is also expected to fast-track the allotment and listing. Along with Tata Tech, Gandhar Oil IPO allotment status and FedFina IPO allotments are also now available.
Tata Technologies IPO allotment: Key Points
- Tata Technologies IPO allotment will be finalized on November 28, 2023.
- The investors can check the Tata Technologies IPO allotment status on it’s registrar Link Intime website- https://linkintime.co.in/mipo/ipoallotment.html after entering their PAN, application number or DP Client ID details.
- You will also get the SMS and emails from your sharebroker or bank informing of the debit for the issue lot you subscribed for. The allotment status soon follows the debit messages.
- You can also check the Tata Tech allotment status for IPO bids on BSE website.
Record-subscriptions, high GMP
Given the record subscriptions, the investors’ anxiety is well earned. The Rs 3,042 crore issue was subscribed a record 69.43 times, receiving around Rs 1.5 crore worth bids, surpassing the subscription record set by LIC. The qualified institutional investors subscribed 203.41 times, high net-worth individuals subscribed 62.11 times and retail subscriptions were at 18.50 times. The Tata Tech Grey Market Premium (GMP) i.e., unofficial market, is faring around Rs 414 on Monday noon, up from Rs 396 on Saturday evening. The Tata Technologies Ltd has fixed its issue price at Rs 500 per share. The GMP indicates that the brokers or observers in the unofficial market are expecting a listing at Rs 500 + GMP. However, GMP is no official indicator of the listing price and investors should be careful about it.
Reports have also pegged Tata Technologies Ltd IPO listing date as November 30, 2023. Another mainboard IPO – IREDA IPO, is most likely to debut on the primary stock exchanges on November 29.
