Tata Technologies IPO: After a gap of near 19 years, a Tata group company is going to list at Indian stock market and this new Tata group company is Tata Technologies Ltd, a Tata Motors subsidiary. Tata Technologies Ltd has received nod from the market regulator SEBI (Securities and Exchange Board of India), Dalal Street observers are eagery awaiting for the Tata Technologies IPO subscription opening date. According to stock market experts, Tata Technologies IPO date can be expected by the end of August 2023 or by mid-September 2023.
So, Tata Technologies IPO subscription may open in next one month. Meanwhile, after SEBI's approval for the launch of Tata Technologies IPO, grey market has also started dropping signals in regard to this public issue, which is completely Offer for Sale (OFS) in nature. According to market observers, shares of Tata Technologies Ltd are available in grey market at a premium of ₹105 in grey market today.
Market observers said that Tata Technologies IPO grey market premium (GMP) today is ₹105, which is ₹5 higher from its last week GMP of ₹89. They said that Tata Technologies IPO GMP has risen despite weak stock market sentiments in the week gone by that speaks volume about the kind of enthusiasm investors have in regard to this Tata group company in unlisted stock market. Asked about Tata Technologies IPO expected 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. So, in case of neck to neck valuations, Tata Technologies IPO price can be expected around ₹295. Sometime,
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