The Tata Technologies IPO launched between November 22 to November 24, 2023, at an issue price of ₹500 per share. The Tata Technologies IPO share price quickly gained attention, attracting a total subscription rate of 69.43 times. Upon listing on November 30, 2023, the stock opened at ₹1,200, representing a 140% premium over the issue price. By the end of the first trading day, it closed at ₹1,326.70, resulting in an impressive listing gain of 165.34%. This remarkable gain highlights the confidence investors have in Tata Technologies’ future growth prospects.
Key Tata Technologies IPO Details
Tata Technologies IPO Release Date and Subscription Status
- Issue Price: ₹500 per share
- Open Date: November 22, 2023
- Close Date: November 24, 2023
- Listing Date: November 30, 2023
- Lot Size: 30 shares
- Minimum Investment: ₹15,000 (for one lot)
- Total Issue Size: ₹6,085.03 crore
The Tata Technologies IPO subscription status indicates an overwhelming demand, as the IPO received 203.41 times subscription from QIBs (Qualified Institutional Buyers), 16.5 times from Retail Individual Investors (RIIs), and 62.11 times from Non-Institutional Investors (NIIs). This robust interest across all investor categories highlights the market’s enthusiasm for Tata Technologies.
Tata Technologies IPO GMP (Grey Market Premium)
The Tata Technologies IPO GMP (Grey Market Premium) played a crucial role in shaping investor expectations before the IPO opened. The Tata Technologies IPO GMP showed strong demand, which fueled optimism about the Tata Technologies IPO share price rising after the listing. This is one of the factors that attracted a surge in investor interest, especially from those looking for potential listing gains.
Tata Technologies IPO Listing Gain: What Investors Need to Know
The Tata Technologies IPO listing gain has been a key highlight of the IPO. The stock opened at ₹1,200, offering a 140% premium over the issue price of ₹500 per share. On the first day of trading, the Tata Technologies IPO share price climbed further, closing at ₹1,326.70, resulting in a listing gain of 165.34%. Investors who subscribed to the Tata Technologies IPO at the issue price witnessed significant profits on listing day, which reflects the positive market sentiment and investor enthusiasm surrounding the company’s future.
Tata Technologies IPO Lot Size and Allotment Details
For investors, the Tata Technologies IPO lot size was set at 30 shares, with a minimum investment of ₹15,000 for one lot. The Tata Technologies IPO allotment date was November 28, 2023, and it provided the opportunity for investors to check whether they had received an allotment before the stock was listed on the exchange.
What is Tata Technologies Share Price After IPO Listing?
The Tata Technologies share price post-listing saw an incredible rise. The stock opened at ₹1,200 and continued to surge, closing at ₹1,326.70 by the end of the trading day. This price movement confirmed the positive market sentiment and investor enthusiasm surrounding the company’s future.
Tata Technologies IPO Date and Price Analysis
The Tata Technologies IPO date and price played a significant role in the overall performance of the IPO. The issue price was set at ₹500 per share, and the IPO was open for subscription from November 22, 2023 to November 24, 2023. The Tata Technologies IPO share price gained significant traction during the listing on November 30, 2023, with the stock opening at ₹1,200, showing a 140% premium over the issue price.
Market Sentiment and Investor Confidence in Tata Technologies Share Price
Investor confidence in Tata Technologies share was evident from the strong demand for the IPO. The Tata Technologies IPO subscription status showed high demand across all categories, with QIBs oversubscribing by 203.41 times and NIIs by 62.11 times. The market enthusiasm was further evident from the listing gains seen on the opening day of the stock, making it a favorable investment for early subscribers.
Conclusion
The Tata Technologies IPO has been an outstanding success. Investors who subscribed to the Tata Technologies IPO share price at ₹500 per share saw significant returns, with the stock reaching ₹1,326.70 by the end of the first day. If you are interested in learning how to analyze IPOs and stocks like this and want to get expert insights, visit GRM IIT. Our team of experts will help you understand market trends and teach you how to make informed decisions.
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