The allotment status for Tata Technologies’ initial public offering (IPO) is expected to be finalized today, November 28, and investors can verify their allocation on Link Intime India’s website and BSE.
The Tata Technologies IPO, the first by the Tata Group in over 19 years, is set to finalize its allotment today, November 28; investors can check their status on Link Intime India’s website and BSE. The IPO, subscribed 69.43 times from November 22-24, saw overwhelming interest, with bids reaching 312.64 crore equity shares against the offered 4.5 crore shares, and the qualified institutional bidders (QIBs) category leading at 203.41 times subscription.
In the three-day bidding process, the Tata Technologies IPO witnessed robust subscription across categories, with the non-institutional investors’ (NII) category at 62.11 times, retail investors’ quota at 16.5 times, employees’ portion at 3.7 times, and the Others category seeing a subscription of 29.20 times.
How you can check the allotment status
Checking Allotment Status on BSE:
- Visit the BSE website.
- Select ‘Equity’ from the menu.
- Choose the specific IPO issue name from the dropdown.
- Enter your application number and PAN card number.
- Click on the “Search” button.
Checking Allotment Status on Link Intime:
- Go to the Link Intime website.
- Click on ‘Company Selection.’
- Select the Tata Technologies IPO from the list.
- Enter PAN, application number, DP/Client ID, or account number/IFSC.
- Click on ‘Search.’
Note: The allotment status will be visible after allotment, and accurate details are crucial.
Additional Information:
- Equity shares for successful applicants are expected to be credited to demat accounts by November 29.
How to check GMP:
- Shares of Tata Technologies are witnessing high demand in the unlisted market, as per market sources.
- The grey market premium (GMP) for Tata Technologies has rebounded strongly, recovering from a marginal dip over the weekend.
- The latest reports indicate that the company’s shares are trading at a premium of ₹402 in the grey market, surpassing the issue price of ₹500 per share.
- The robust premium in the unlisted market suggests a potential listing gain of 80.4% for allottees.
- It’s important to note that GMPs serve as indicators of the company’s shares’ demand in the unlisted market and can change rapidly.
Note: Grey market premiums are dynamic and subject to swift changes.
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