Fri. Sep 13th, 2024
Tata Technologies

Tata Technologies made a big entry in the market, investors became rich

Tata Technologies IPO The IPO of Tata Technologies Limited was open for investors on 22 November 2023. Tata Technologies IPO had received 73.58 lakh applications. Today the shares of the company are listed on the stock exchange. It is expected that the shares of the company will be listed with a premium. Let us know in detail in this report. Read the full news…

New Delhi. The IPO of Tata Group company Tata Technologies Limited was open for investors from 22 November to 24 November 2023. Today the company’s shares will be listed in the pre-special session on the stock exchange. The company’s IPO received a very good response from investors. Tata Technologies’ IPO was fully subscribed within a few minutes on the first day.
Today the company’s shares are listed with a premium of 410 percent. The company’s shares are listed with a premium of 140 percent against the issue price of Rs 500. This clearly shows that the investors of the company have got a lot of benefits. The stock of the company providing engineering and product development digital services was listed at Rs 1,199.95 on BSE, registering a sharp jump of 139.99 percent. It increased by 180 percent to Rs 1,400.
At the same time, on NSE it started trading at Rs 1,200 with a gain of 140 percent. After this, the stock jumped to Rs 1,400. The market valuation of the company during this morning’s trade stood at Rs 52,939.74 crore.
Shares of Tata Technologies, an arm of Tata Motors, made a dream debut on the stock market on Thursday, listing at a whopping premium of 140 percent against the issue price of Rs 500.
Today, even before the listing of its shares, a big update has come about the company. Let us tell you that Tata Tech’s biggest client is VinFast. At present Vinfast’s share price has seen a decline of up to 90 percent. This decline may worry investors.
Tata Tech shares have been allotted on Wednesday. That means shares would have been credited to the investors’ demat accounts on the previous day. Those investors who have not been allotted shares will get a refund today.

Tata Tech IPO

The company’s IPO was open for investors from November 22 to November 24. The company had opened an IPO of Rs 3,042.51 crore. The company had fixed the price band of the IPO at Rs 475-500 per share. The company’s IPO received a very good response from investors. According to records, the company had received 73.58 lakh applications. Overall, the Company’s IPO was subscribed 69.43 times.

 

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