After Record-breaking IPO, Tata Technologies Shares Set To Get Listed This Week

After shattering records and receiving an amazing response to its IPO last week, all eyes will now be on the share allotment and listing of Tata Technologies this week. The IPO of Tata Technologies managed to break the record of LIC by garnering a record number of 73.58 lakh applications as compared to LIC's 73.38 lakh applications in its IPO in May 2022.

When Was Tata Technologies IPO Launched?

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The first IPO by the Tata Group in more than 19 years was subscribed 69.4 times during the period spanning November 22 - November 24, with investors buying 312.65 crore equity shares against offer size of 4.5 crore shares. Overall, they bid for Rs 1.56 lakh crore worth of shares in three days. As per Money Control, qualified institutional buyers and high net-worth individuals looked aggressive, buying 203.41 times and 62.11 times their allotted quota, while the portions set aside for retail investors, Tata Technologies' employees and Tata Motors' shareholders were subscribed 16.50 times, 3.7 times and 29.2 times, respectively.

What Dates Are Set For Share Allotment & Listing?

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Tata Technologies has raised Rs 3,042.51 crore via the IPO, at Rs 500 per share, the upper price band. The IPO comprises only an offer-for-sale by promoter Tata Motors, and investors Alpha TC Holdings, and Tata Capital Growth Fund I. The price band for the offer was Rs 475 - Rs 500 per share.

The company is expected to finalise the basis of allotment of IPO shares by November 28 and the shares of Tata Technologies will be listed on both BSE and NSE on Thursday, November 30. The equity shares are expected to be credited to the demat accounts of successful investors by November 29. These are tentative dates, which may change.

Also Read: Tata Sons To Go For IPO By Sept 2025, All You Need To Know

How Can Investors Check Shares Allotment Status?

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Investors can check the shares allotment status either on the BSE website or the portal of the IPO registrar by following these easy steps.

On the BSE website:

a) Investors have to select 'equity' and 'issue name' (Tata Technologies Limited) in the dropdown,

b) Enter either 'application number' or 'PAN number'

c) Check the box 'I am not a robot', and finally click on the 'search' button.

On the IPO registrar portal:

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a) Select 'Tata Technologies Limited - IPO' in the dropdown,

b) Select and accordingly enter either 'PAN number,' 'application number' or 'DP Client ID'

c) Finally click on the 'search' button

Its IPO shares seem to be getting healthy responses in the grey market too. In fact, the premium has been increased by around 10 per cent in the last few sessions. Shares were available at a premium of 80 per cent over the issue price of Rs 500 per share in the grey market, at the time of writing this article. It was quoted at a 70 per cent premium before the opening IPO for a subscription.

For the unversed, the grey market is an unofficial platform wherein IPO shares can be bought and sold till the listing. Generally, the participants look at a grey market premium to know the expected listing price of any IPO, though it does not cover the fundamentals of the company.

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