Tata Tech IPO allotment: Here's how to check status and latest GMP
BSE. The ₹3,042.51 crore IPO was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share. The first IPO by the Tata Group in over 19 years was subscribed 69.43 times during November 22-24.
It received bids for 312.64 crore equity shares as against 4.5 crore shares on the offer. The portion for qualified institutional bidders (QIBs) was booked the most, 203.41 times. Meanwhile, the non-institutional investors' (NII) category was subscribed to 62.11 times and the retail investors' quota was subscribed 16.5 times during the three-day bidding process.
Also, the employees portion was bid 3.7 times and the Others category was subscribed 29.20 times. Read here: Tata Technologies IPO: GMP, issue details, 10 key things to know before you invest Tata Technology shares are likely to be listed on the bourses on Thursday, November 30. 1) Go to the BSE website.
2) Select ‘Equity’ and then from the dropdown, select the issue name. 3) Enter your application number and PAN card number. 4) Click on the "Search" button.
In a similar way, you can also check on its registrar's website. 1) Go to the website of Link Intime. 2) Click on ‘Company Selection’ and then select the IPO name.
3) Now, enter your PAN, application number, DP / Client ID, or account number / IFSC. 4) Click on ‘Search’. The status will only appear after allotment if the details are entered correctly.
The equity shares are expected to be credited to the demat accounts of successful investors by November 29. Read here: Tata Technologies IPO: GMP jumps after strong subscription status Tata Technologies IPO is entirely an offer for sale (OFS) of 6.09 crore equity shares by the promoter and investors. Promoter Tata Motors will offload
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