Tata Technologies Limited is an Indian multinational product engineering firm that provides engineering, design, and product lifecycle management services, manufacturing product development, and IT service management to automotive and aerospace original equipment manufacturers as well as industrial machinery firms. The initial public offering (IPO) of Tata Technologies Ltd is set to hit the Indian primary market on 22nd November 2023. It will remain open for bidding till 24th November 2023. Now people must be super keen to know about the whole information. In this article, we will try to cover all the important information about the news, so let’s continue the article.
Tata Technologies IPO
The Tata Group firm has already announced the Tata Technologies IPO cost band at ₹475 to ₹500 per equity share. Meantime, following the announcement of Tata Technologies IPO data and cost band, the grey market went positively bullish on the public issue. As per the market spectators, stakes of Tata Technologies Ltd have been available at a premium of ₹367 in the grey market today. Now fans must be super keen to know about the the company’s IPO GMP today. Swipe up the next page for more information about the news.
Tata Technologies IPO GMP today
Tata Technologies IPO grey market premium (GMP) today is ₹367, which is ₹117 more elevated than the previous day’s GMP of the book build issue. Market observers stated that Tata Group has been coming with an IPO after a gap of nearly two decades. The public issue has been coming at a time when the market mood is highly bullish and market observers have been anticipating a new bull market on Dalal Street. Apart from this, Tata Group’s face value is also favoring the grey market sentiments. You are on the correct page for getting more information about the news, so please read the complete article.
What does this GMP mean?
Market observers stated that Tata Technologies IPO GMP today is ₹340, which represents the grey market that has been expecting that Tata Technologies IPO listing cost would be around ₹840 for each equity share, which is 68% more elevated than the Tata Technologies IPO cost band of ₹475 to ₹500 each equity share. The grey market has been signaling powerful listing gains from the public issue. The public issue will open for subscription on 22 November 2023 and it will remain open for bidding till 24th November 2023. Here we have shared all the information that we had. Stay tuned to us for updates.