INSUBCONTINENT EXCLUSIVE:
Tata Technologies, a global company focused on engineering research and development (ER-D), is set to announce the allotment status of its
initial public offering (IPO) on Wednesday, November 29
Notably, this marks the first IPO from the Tata group in 19 years
The IPO, which was open from November 22 to November 24, had a price band of Rs 475 to Rs 500 per share.How to check Tata Technologies IPO
share allotment status?To check the allotment status of Tata Technologies IPO shares, you can follow these steps:Option 1: Registrar's
websiteVisit the registrar's website, Link - https://linkintime.co.in/IPO/public-issues.htmlLook for the section related to IPO
allotment.Select 'Tata Technologies' from the list of companies.Enter the required details such as your PAN (Permanent Account Number),
application number, DP/Client ID, or Account number/IFSC.Complete any additional verification steps, such as entering a captcha.Click on
'Submit.'The website will display your application status, showing the number of shares you applied for and the number of shares allotted to
you.Option 2: BSE or NSE websiteGo to the official website of either the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).On
the website, navigate to the 'Equity' section.Select 'Tata Technologies' from the dropdown menu.Enter your application number and PAN.Click
on 'Search' or a similar option.The website will provide information on the number of Tata Technologies IPO shares allotted to you.Tata
Technologies share listing date The listing date for Tata Technologies IPO shares on the stock exchanges is scheduled for November 30.Tata
Technologies share grey market price (GMP)In the grey market, Tata Technologies shares are currently trading at a premium of over Rs 400 per
The grey market premium represents the extra amount at which IPO shares are transacted unofficially before being officially listed on stock
exchanges.Tata Technologies IPO subscription The Tata Technologies IPO garnered significant interest, with a subscription rate of 69.43
Bids were received for 312.65 crore equity shares, surpassing the 4.5 crore shares available for offering
The qualified institutional buyer portion saw a remarkable subscription of 203.41 times, while non-institutional investors subscribed 62.11
The retail portion exhibited strong participation, with a subscription rate of 16.50 times
Employee subscriptions were 3.7 times, and the portion reserved for shareholders was subscribed 29.19 times.Tata Technologies IPO: What
analysts sayAnalysts express optimism not just for immediate gains but also for its long-term potential
Its diverse client base, efficient delivery network, and focus on innovation contribute to its strong competitive position, says Shivani
Nyati, Head of Wealth at Swastika Investmart.The IPO's success is attributed to appealing valuations compared to industry peers and the
Tata Tech boasts a FY23 PE ratio of 32-33x, in contrast to KPIT's 105x, L-T Technology Services' 40x, and Tata Elxsi's 70x
Moreover, it has exhibited superior financial growth compared to competitors from FY21-23.Highlighted strengths encompass specialized
expertise in emerging automotive sectors such as electric vehicles, deep knowledge in the automotive field, and a scalable global delivery
model fostering close client relationships.
