Tata Technologies IPO Listing Date and GMP
Tata Technologies Limited, a global leader in engineering solutions, is set to list its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 30, 2023. The company's initial public offering (IPO) was oversubscribed by 3.9 times, generating strong interest from investors.
Tata Technologies IPO Listing Date & GMP |
Tata Technologies IPO Listing Date
The listing date for Tata Technologies IPO is November 30, 2023. The shares will be listed on both the BSE and the NSE under the ticker symbols "TATATEC" and "TATATECLS," respectively.
Tata Technologies IPO GMP
The grey market premium (GMP) for Tata Technologies IPO was ₹45 per share on November 29, 2023. GMP is the unofficial premium at which a stock is traded in the grey market before it is officially listed on the stock exchanges. It is an indication of the demand for the stock and is often used by investors to gauge the potential listing price.
Factors Affecting GMP
The GMP for Tata Technologies IPO is likely to be affected by several factors, including:
- The overall market sentiment
- The performance of other recent IPOs
- The demand for the stock from institutional investors
Analysts' Estimates
Analysts have estimated that the listing price for Tata Technologies IPO could be between ₹490 and ₹520 per share. This suggests that the GMP could increase further in the coming days.
Conclusion
The listing of Tata Technologies IPO is a major event for the Indian capital markets. The company is a strong performer with a robust track record, and its IPO is expected to generate significant investor interest. The GMP is a positive indication of the demand for the stock, and analysts expect the listing price to be at a premium to the issue price.