Tata Tech IPO Allotment Status: How to Check allotment Status on Link Intime and BSE

Tata Tech IPO Allotment Status: The Tata Technologies IPO has generated significant interest from investors, with a subscription rate of 69.43 times during the subscription period from November 22 to November 24. With the allotment process set to be finalized on November 28, investors are eagerly waiting to know if they have been allotted shares. In this blog, we will guide you on how to check the allotment status and provide an update on the latest Grey Market Premium (GMP).

About Tata Technologies IPO

The Tata Technologies IPO, valued at ₹3,042.51 crores, was open for subscription with a price band ranging from ₹475 to ₹500 per share. This marked a historic moment as it was the first IPO by the Tata Group in over 19 years. The overwhelming response from investors saw bids for 312.64 crore equity shares against the offer size of 4.5 crore shares. The Qualified Institutional Bidders (QIBs) category was subscribed 203.41 times, while the Non-Institutional Investors (NII) category saw a subscription rate of 62.11 times. Retail investors subscribed 16.5 times, employees’ portion was bid 3.7 times, and the Others category was subscribed 29.20 times. Tata Technologies shares are expected to be listed on November 30.

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Also Read: Tata Technologies IPO: The offer price of Tata Technologies has been fixed at Rs 500 per share

How to Check allotment Status on Link Intime and BSE using the following steps:

How to Check Allotment Status

Investors can check their Tata Technologies IPO allotment status through the BSE website and Link Intime India’s website using the following steps: Tata Tech IPO Allotment Status

Check allotment Status on BSE Website:

  1. Visit the BSE website.
  2. Select ‘Equity’ from the menu and choose the Tata Technologies IPO from the dropdown list.
  3. Enter your application number and PAN card number.
  4. Click on the “Search” button.
  1. Go to the Link Intime India website.
  2. Click on ‘Company Selection’ and choose the Tata Technologies IPO.
  3. Provide your PAN, application number, DP/Client ID, or account number/IFSC.
  4. Click on ‘Search’.

The status will be displayed if the provided details are correct. Successful investors can expect their equity shares to be credited to their demat accounts by November 29.

Also See: Upcoming IPO in India

About Tata Technologies

Tata Technologies is a subsidiary of Tata Motors, specializing in Engineering Research & Development (ER&D) focused on the automotive industry. Its listed industry peers include KPIT Technologies Ltd, L&T Technology Services Ltd, and Tata Elxsi Ltd. In the fiscal year ending March 31, 2022, the company witnessed a revenue increase of 25.81% and a profit after tax (PAT) growth of 42.8%.

Also Read: Tata Technologies IPO Strengths and Risks

IPO Allocation Breakdown

The Tata Technologies IPO is entirely an Offer for Sale (OFS), with the promoter Tata Motors selling 4.62 crore equity shares worth ₹2,313.75 crore. Investors Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I will sell 97.17 lakh shares and 48.58 lakh shares, respectively. The IPO reserved up to 50% of shares for Qualified Institutional Buyers (QIB), at least 15% for Non-Institutional Investors (NII), and not less than 35% for Retail Investors. Additionally, there is an allocation for employees and Tata Motors Ltd shareholders.

Tata Technologies IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Tata Technologies IPO has been consistent at ₹414. This indicates strong bullish sentiment among investors following the overwhelming subscription numbers. Prior to the IPO’s opening date on November 21, the GMP stood at 340. As of now, today’s GMP suggests that Tata Technologies shares are likely to be listed at a premium of 83%, at ₹914. However, it’s important to remember that the GMP is only an indicator of unlisted market performance and can change rapidly.

Also See: All IPO GMP Price Today

Conclusion

The Tata Technologies IPO has generated significant interest in the market, with a strong subscription rate and positive analyst recommendations. Investors can check their allotment status through the BSE website and Link Intime India’s website, following the simple steps outlined above. With the expected listing date on November 30, the IPO is poised for an exciting market debut, potentially at a substantial premium. However, investors should remain cautious and consider their investment decisions carefully.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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