Tata Technologies IPO listing share price is Rs 1,200 apiece. It was expected that Tata Technologies Limited will have a bumper debut at primary market but the listing has turned out to be one of the best as far as IPO debuts go. Tata Technologies Ltd listed at Rs 1,200 per share vs IPO price of Rs 5,00. Even the GMP was nowhere as high as the listing price.
With IPO price at Rs 500 and lot size of 30 shares, Investors have gained Rs 21,000 on their Rs 15,000 investment. The profit to Big or Small HNI applicant turns out to be Rs 2,94,000 and the profit to retail and shareholder applicants turns out to be Rs 21,000.
Within minutes after debut, the share price shot up to a high of Rs 1,400 apiece.
A bumper listing was expected but TATA’s name and trust among Indian investors is clear than ever.
