Tata Technologies IPO share allotment expected Tuesday. Here's how you can check status
share allotment of Tata Technologies IPO is expected to be finalised tomorrow. Investors received shares on a lottery basis and the whole process was supervised by the registrar.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
IPO mania: Fresh issue in total offer size at eight-year high of 48%
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Tata Technologies offer price finalised at Rs 500 per share
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The company's shares are expected to get listed on the exchanges on November 30. According to market sources, Tata Technologies is commanding a premium of Rs 412 in the unlisted market.
Considering the upper price band of Rs 500, the stock is likely to debut with a premium of 82%.
The IPO of Tata Technologies received strong response from investors with nearly 70 times subscription at close.
The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer.
The quota reserved for retail individual investors (RIIs) was subscribed 16 times, qualified institutional buyers 203 times, and NII 62 times.
Analysts said the strong response for the IPO was due to attractive valuations compared to peers and
