Jobaaj Stories
On 22nd November, Tata Technologies is coming up with its IPO. The Tata Company group has fixed the price for the Tata Technology IPO at a price of ₹475 to ₹500 apiece levels. Bidders can apply for Tata Technologies shares in lots containing 30 shares. The IPO allotment is expected on November 27th or 28th, following the T+3 schedule, while the listing may happen on November 29th, 2023.
Tata Technologies Limited is the subsidiary of Tata Motors founded in 1989. It is an Indian Multinational Product Engineering Company providing services in product lifecycle management, manufacturing, Product development, IT Service Engineering, and design.
However, the Company operates in the manufacturing of automotive and aerospace original equipment as well.
The regional headquarters of Tata Technologies are located in the United States while in India, the headquarters lies in Pune.
Moving on, the grey market for Tata Technologies IPO is holding steady, with shares priced at a premium of ₹352, as reported by market observers today.
Investors are excited about a 70% premium in Tata Technologies IPO. Experts warn GMP is speculative and advise checking the company's balance sheet for a reliable investment decision.
Do you know, How AI is helping generate more ad revenue?
The IPO closes on November 24th, 2023, with share allotment on November 30th, followed by listing on NSE and BSE on December 5th, 2023.
Hear more from our mentor Nikhi for more information by clicking here!
And, Will you be applying for this IPO?
Also read, Rescuers Strategize for Trapped Indian Himalayan Tunnel Workers | Uttarakhand Rescue Update
