Tata Technologies IPO GMP

Tata Technologies IPO GMP: The financial world is buzzing with anticipation as the Tata Technologies IPO, slated for a November 2023 launch, approaches. This initial public offering (IPO) is expected to be one of the largest in India this year. Tata Technologies Limited is a prominent global engineering services company, specializing in engineering design, manufacturing engineering, and product lifecycle management services primarily for the automotive, aerospace, and industrial sectors. In this blog, we will delve into the Grey Market Premium (Tata Technologies IPO GMP) associated with the Tata Technologies IPO, which serves as a barometer for investor sentiment and demand. Tata Technologies share price in Grey Market

Also Read: Tata Technologies IPO Price Band Set at Rs 475-500 Per Share

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Tata Technologies IPO GMP

Tata Technologies share price in Grey Market- Tata Technologies IPO GMP is ₹475 as of today. Here’s a summary of the GMP trend over the past few days: [Last Updated: 30-Nov-2023; 9:50]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
30-11-2023500₹47510800/151200₹975 (95.00%)
29-11-2023500₹4259700/135800₹933 (86.60%)
28-11-2023500₹3758600/120400₹875 (75.00%)
27-11-2023500₹4149400/131600₹914 (82.80%)
26-11-2023500₹4149400/131600₹914 (82.80%)
25-11-2023500₹4009000/126000₹900 (80.00%)
24-11-2023500₹4149400/131600₹914 (82.80%)
23-11-2023500₹4039100/127400₹903 (80.60%)
22-11-2023500₹3959000/126000₹895 (79%)
21-11-2023500₹3558100/113400₹855 (71%)
20-11-2023500₹3508000/112000₹850 (70%)
19-11-2023500₹3508000/112000₹850 (70%)
18-11-2023500₹3508000/112000₹850 (70%)
17-11-2023500₹3548100/113400₹854 (70.80%)
16-11-2023500₹3708400/117600₹870 (74.00%)
15-11-2023NA₹298IPO Price+ ₹282 (–%)
14-11-2023NA₹282IPO Price+ ₹282 (–%)
13-11-2023NA₹282IPO Price+ ₹282 (–%)
12-11-2023NA₹285IPO Price+ ₹285 (–%)
11-11-2023NA₹290IPO Price+ ₹290 (–%)
10-11-2023NA₹275IPO Price+ ₹275 (–%)
09-11-2023NA₹275IPO Price+ ₹275 (–%)
08-11-2023NA₹270IPO Price+ ₹270 (–%)
07-11-2023NA₹270IPO Price+ ₹270 (–%)
06-11-2023NA₹270IPO Price+ ₹270 (–%)
05-11-2023NA₹270IPO Price+ ₹270 (–%)
04-11-2023NA₹275IPO Price+ ₹275 (–%)
28-10-2023NA₹275IPO Price+ ₹275 (–%)
27-10-2023NA₹240IPO Price+ ₹240 (–%)
21-10-2023NA₹240IPO Price+ ₹240 (–%)
20-10-2023NA₹241IPO Price+ ₹241 (–%)
19-10-2023NA₹240IPO Price+ ₹240 (–%)
18-10-2023NA₹250IPO Price+ ₹250 (–%)
17-10-2023NA₹257IPO Price+ ₹257 (–%)
Tata Technologies IPO GMP

The GMP represents the premium at which shares of an IPO are trading in the Grey Market compared to their issue price. In the case of Tata Technologies, investors are willing to pay ₹475 more than the anticipated IPO price.

Tata Technologies IPO GMP Today

Tata Technologies IPO GMP is ₹475 of today. Tata Technologies IPO last GMP is ₹400. The Grey Market is an unofficial market where shares of companies that are not yet listed on a stock exchange are traded.

It’s an over-the-counter market where speculative trading of IPO shares takes place, and GMP is an essential metric within this context. It’s important to note that GMP is not an official indicator, but it does offer insights into investor sentiment.

Tata Technologies IPO Overview

Let’s get a quick overview of the Tata Technologies IPO:

ParameterDetails
Issue Size9.57 Cr shares
₹3042.51 Cr
Open Date22-11-2023
Close Date24-11-2023
Basis of Allotment
Finalisation Date*
30-11-2023
IPO Listing Date*05-12-2023
Book Running Lead ManagersJM Financial Limited, Citigroup Global Markets India Private Limited, and Bofa Securities India Limited
RegistrarLink Intime India Private Ltd

The company is planning to raise a substantial ₹[.] crores (exact figure pending announcement) through the IPO. Notably, this IPO is a 100% OFS issue, with a reserved 10% quota for Tata Motors’ shareholders. The face value of each share is ₹2.

What Does a High Tata Technologies IPO GMP Indicate?

A high Tata Technologies IPO GMP suggests strong demand for the IPO. Investors in the Grey Market are willing to pay a premium, which can be a positive sign for the company going public. However, it’s crucial to note that Grey Market trading is not regulated, and GMP can fluctuate based on speculation and sentiment.

Final Thoughts

The Tata Technologies IPO is generating considerable interest, as indicated by the strong GMP. The company’s focus on engineering services in high-growth sectors positions it well for future success. Investors are eagerly awaiting further details regarding the price band and other specifics of the IPO.

Investors interested in participating in the Tata Technologies IPO should consult their financial advisors to make informed decisions aligned with their investment goals and risk tolerance. As the IPO launch date approaches, the Tata Technologies IPO GMP will continue to be a crucial metric to monitor for insights into market sentiment and demand.

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