Tata Technologies IPO may get launched this month. GMP, launch date, expected price, other details, apply or not?

livemint.com:

Tata Technologies IPO: The capital market regulator Securities and Exchange Board of India 9SEBI) has given its approval for the launch of Tata Technologies IPO (initial public offering). As it around a month since market regular gave its approval for Tata Technologies IPO launch, experts are expecting Tata Technologies IPO launch date anytime in this month as it takes around one to two months for the launch of IPO after SEBI's approval. Meanwhile grey market has also remained steady in regard to Tata Technologies IPO.

According to market observers, shares of Tata Technologies Limited is available at a premium of ₹100 in grey market today. Here we list out important details in regard to Tata Technologies IPO: Speaking on expected Tata Technologies IPO launch date, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "It is near one months since SEBI gave its approval for the launch of Tata Technologies IPO. Normally, a company takes one to two month to announced its IPO launch date.

So, Tata Technologies IPO date of opening for subscribers can be expected in the month of September." Speaking on Tata Technologies IPO details, Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio said, "Tata Technologies has reported TTM revenue of ₹3,983 crore and TTM Net Profit of ₹513 crore, resulting an TTM EPS of ₹12.65. If we want to compare Tata Technologies, we can compare with Cyient, as Cyient is mostly into same business and TTM revenue of ₹6,016 crore. Currently, Cyient is trading at 23.5x TTM EPS of ₹46.52.