Tata Technologies IPO Sets New Record As Rs 1.6 Lakh Crore Poured In For Rs 3042 Crore Worth Shares: How To Check Your Allotment?


Sheetal Bhalerao

Sheetal Bhalerao

Nov 29, 2023


Nowadays, there are so many IPOs hitting the Indian financial market.

Tata Technologies IPO Sets New Record As Rs 1.6 Lakh Crore Poured In For Rs 3042 Crore Worth Shares: How To Check Your Allotment?

Out of these, the initial public offering by Tata Technologies Ltd witnessed a remarkable response from the investor with a subscription of 69.4 times. 

Tata Technologies IPO Listing

This IPO by a Tata Group company comes in nearly two decades and was open for subscription from November 22 to 24.

It appears that the investor has shown interest as they have purchased 312.65 crore equity shares against the offer size of 4.5 crore shares, reflecting a substantial demand. 

Media reported that the total bids amounted to Rs 1.56 lakh crore worth of shares in just three days.

This Rs 3,042.51 crore IPO was open for subscription for three days and it was offered at a price range of Rs  475-500 per share.

Now, the investors are awaiting the share allotment by Tata Technologies as the subscription period has ended on November 24. 

On Tuesday, November 28, the share allotment for Tata Technologies IPO is expected.

For those who have applied for this IPO can check the share allotment status on the websites of BSE or the official registrar. 

Link Intime India seems to have been appointed as the official registrar for the Tata Tech IPO.

How To Check Allotment Status For Tata Technologies IPO ?

After allocation is done,  the investors can check the share allotment status using their application or PAN details by following these simple steps on the BSE website.

1.    First of all goto the BSE website, at www.bseindia.com

2.    Now choose ‘Equity’ and select the issue name from the dropdown.

3.    Next, enter your application number and PAN card number.

4.    Click on the ‘Search’ button.

Investors can also visit the Link Intime website, to check allocation status.

1.    Visit the Link Intime website, at https://linkintime.co.in/IPO/public-issues.html

2.    After allocation is done, investors can select Tata Technologies from the dropdown list of company names.

3.    Now, enter your PAN, application number, DP/Client ID, or account number/IFSC.

4.    Next click on the ‘Search’ button.

Here, the users have to make sure that the details are entered correctly to view the status after allotment. 

What About Listing?

After successful allocation, the investors can expect the equity shares to be credited to their demat accounts by November 29. 

These shares are most likely to be listed on the stock exchanges on November 30, as per the report.

It appears that the Tata Technologies IPO is gaining a good response in the unofficial gray market. 

When it comes to the premium, it has increased by about 10 percent up to 80 percent from the issue price of ₹ 500 per share, as on November 27. 


Sheetal Bhalerao
Sheetal Bhalerao
  • 497 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online