Tata Technologies IPO Day 3: Subscription status on last day, GMP. Should you apply?
Tata Motors’ subsidiary, Tata Technologies Ltd, has received strong investors’ response with a record number of IPO applications. The Tata Technologies IPO, which opened for subscription on November 22, will close today, November 24. Read Tata Technologies IPO LIVE Updates here Amid huge interest from investors across the board, Tata Technologies IPO got oversubscribed heavily within hours of opening.
The enthusiasm over Tata Technologies IPO is huge as it is the first IPO from the Tata Group in nearly two decades. Tata Technologies is a subsidiary of automobile major Tata Motors and is a pure-play manufacturing focused Engineering Research & Development (ER&D) company, primarily focused on the automotive industry. Let us check Tata Technologies IPO subscription status, GMP today and other key details.
Tata Technologies IPO has been subscribed 18.77 times so far on Friday, the third and the last day of the bidding process. The public issue received bids for 84.50 crore equity shares as against 4.50 crore shares on the offer, as per data available on NSE at 11:10 am. The issue has been subscribed 12.88 times in the retail category and 13.68 times in the Qualified Institutional Buyers’ (QIB) category, while the Non-Institutional Investors' (NII) portion has been booked 39.92 times so far.
Tata Technologies IPO has created a record of attracting the highest number of applications on its issue among private sector companies. With more than 59 lakh applications so far, Tata Technologies IPO has overtaken major private companies such as Zomato, Reliance Power, FSN E-Commerce Ventures (Nykaa), and others. Read here: Tata Technologies IPO sets record! Attracts over 50 lakh applications on issue, highest among private companies T
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