Tata Technologies IPO: GMP, expected date and price. Why you should apply — explained
Tata Technologies IPO: After SEBI's nod for the launch of initial public offering (IPO) Tata Technologies Limited, Indian stock market is all set to welcome Tata group company on Dalal Street after a gap of near 19 years. According to market experts, a company proposing to list its shares on Indian bourses take 30-45 days in finalising the price band and other formalities. So, we can expect Tata Technologies IPO by end of August or in the first quarter of September 2023.
As we are in the month of August, shares of Tata Technologies Ltd have become volatile in unlisted stock market. According to market observers, Tata Technologies shares are available at a premium of ₹84 in grey market today, which is ₹16 lower from the previous week GMP (grey market premium) of ₹100. According to market observers, Tata Technologies IPO GMP today is ₹84, which is ₹16 lower from previous week GMP of ₹100.
They said that sell off on Dalal Street in the week gone by could be the possible reason for fall in Tata Technologies IPO GMP. Asked about the expected Tata Technologies IPO price, market expert Anuj Gupta said, "Comparing Tata Technologies with its peer Cyient, market cap of Tata Technologies would come around ₹12,000 crore. As the company has proposed 405,668,530 shares to list on Indian bourses, Tata Technologies IPO price would come around ₹295.
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