IPO: There was a gap of about 20 years. The new IPO of Tata Group (Tata Group) is going to come to the Indian stock market on Wednesday. Investors are already enthusiastic about this IPO of Tata Technologies (Tata Technologies IPO).
The company’s last IPO was in 2002
Several IPOs are coming to the market this week. This is going to prove to be a special week for the stock market as Tata’s IPO comes after almost 20 years. What stock market investors have been waiting for for years is going to be fulfilled this week. We are talking about the most awaited IPO in the stock market i.e. Tata Technologies IPO. which is set to open for subscription on November 22.
The IPO is opening on November 22 and will close on November 24
The Tata Group’s IPO will open to investors on November 22 and bids will be open till November 24 A price band of Rs 475 to Rs 500 has been fixed for this IPO. Tata Tech has 30 shares in an IPO That means a retail investor needs at least Rs 15,000 to invest in this IPO.
The transaction will start from December 5
Tata Tech shares will be allotted on November 30 after the closing of bidding on the last day of this week i.e. November 24. For investors who do not get units in the IPO, refunds will begin on December 1. Shares will be deposited in Demat accounts of successful bidders on 4th December. Tata Technologies shares will be listed on the stock market on December 5.
How much is the price in the gray market?
Shares of the global engineering services company can be found in the gray market at Rs 850 each. Which is priced in the gray market at a 70 per cent premium to the upper price band of Rs 500 per share. Gray market is an informal platform where IPO shares can be bought and sold till listing.
The negatives should also be known
Tata Technologies’ IPO accounts for about 40 percent of the total operating income (TOI) of Tata Motors Limited (TML) and Jaguar Land Rover (JLR). A company whose revenue depends on something special like this is a concern.
In this case the company’s income is highly dependent on the clients in the auto segment. Which is never good for a healthy organization.
Most of the company’s revenue is now heavily dependent on electric or new energy vehicles. Many of which are startup companies. Uncertainty about these startup companies’ fund management, future product roadmap, company’s ability to grow, debt and ownership changes can adversely affect the business.
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