The Tata Technologies IPO has generated buzz in financial circles due to its promising prospects and the solid reputation of the Tata Group. Investors are eyeing this IPO as an opportunity to participate in the success story of a company known for its cutting-edge solutions. Here is the approximate subscription status for the people who are waiting for the Tata Technology IPO allotment:
Tata Technology IPO Subscription Status:
- Overall subscription: 69.43 times
- Retail subscription: 16.50 times
- QIB subscription: 203.41 times
- NII subscription: 62.11 times
The IPO was oversubscribed by a significant margin, indicating strong interest from investors. The allotment status for the IPO is expected to be announced on November 28, 2023. Investors can check their allotment status on the websites of their respective brokers.
The listing of Tata Technologies shares on the BSE and NSE is scheduled for November 30, 2023. The company’s stock is expected to start trading at a premium to its IPO price, as investors often bid up the price of new stocks.
Just in case if you have not checked out our article on IPO prospects then please check out our article: Beyond Boundaries: Tata Technologies IPO Unveiling the Future of Engineering Excellence
The process to check Tata Technology IPO allotment:
There are two main ways to check your allotment status for an IPO:
Most IPO registrars have a website where you can check your allotment status. You will typically need to enter your PAN number or application number to access your status.
Through your broker: You can also check your allotment status through your broker. Your broker will typically have a section on their website or app where you can check your IPO allotment status.
Here are some general steps on how to check your allotment status online:
Click on this BSE link: http://www.bseindia.com/investors/appli_check.aspx
- Click on “Equity” as issue Type.
- Then select “Tata Technologies Limited” as the Issue Name.
- Enter Application no. or PAN no.
- Then click on the check box “I’m not a robot”
- Click Search.
Your allotment status will be displayed on the screen. If you have been allotted shares, you will see the number of shares you have been allotted and the allotment price. If you have not been allotted shares, you will see a message saying that you have not been allotted any shares.