Tata Technologies IPO Allotment Date:Tata Motors, on Saturday evening, announced that its subsidiary, Tata Technologies, has finalised the offer price, including the anchor investor offer price, for its Initial Public Offering (IPO) at ₹500 per equity share.
After receiving an amazing response to the IPO from across categories of investors last week, all eyes will now be on the share allotment by Tata Technologies, the subsidiary of Tata Motors. The company is expected to finalise the basis of allotment of IPO shares by November 28.
Tata Tech IPO Allotment Status
The first IPO by the Tata Group in last more than 19 years was subscribed 69.4 times during November 22-24 with investors buying 312.65 crore equity shares against offer size of 4.5 crore shares. Overall, they bid for Rs 1.56 lakh crore worth shares in three days.
Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at ₹500 per equity share of face value of ₹2 each,” Tata Motors said in a regulatory filing.
The public issue had a price band of ₹475-500 per share. As Tata Technologies IPO closed on Friday, the allotment of the shares is likely on Tuesday, next week i.e. 28th November 2023, as stock market remains closed on Saturday Sunday. Meanwhile, Tata Technologies IPO listing date is most likely on 30th November 2023 i.e. Thursday next week.
Tata Technologies IPO Allotment Date
The allotment of shares for Tata Technologies Limited is expected to be finalised on Tuesday, November 28.
Tata Technologies IPO Subscription Status
Tata Technologies IPO has been subscribed 69.43 times till 5.45 pm on Friday, the third and the last day of the bidding process.
As per NSE’s data till the filing of the report, the public issue received bids for 3,12,64,57,740 equity shares as against 4.50 crore shares on the offer.
Tata Tech IPO’s retail Retail Individual Investors (RIIs)portion has been subscribed 16.50 times while Non Institutional Investors (NII) portion has received 62.11 times subscription and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times and the portion reserved for the shareholder has been booked 29.19 times.
Tata Technologies IPO Date and Time: Shares finalisation details
Tata Motors’ arm Tata Technologies’ IPO allotment is expected to be finalized on or before Thursday,
Tata Technologies IPO Allotment Date:
Key Dates:
- Tata IPO Submission of Documents: September 2023
- Tata Technologies IPO Issue Date: October 2023
- Subscription Start Date: November 2023
- Last Date: November 2023
- Cut Off Time for UPI Mandate: November 2023
- Tata Technologies IPO Allotment Date: November 2023
- Refund of Money: November 2023
- Credit of Shares in Demat Account: November 2023
- Listing Date: November 2023
Tata Tech IPO Allotment Status
Investors can check the shares allotment status either on the BSE website, or the portal of IPO registrar (Link Intime India) by following three easy steps.
On the BSE website,
a) Investors have to select ‘equity’ and ‘issue name’ (Tata Technologies Limited) in the dropdown,
b) Enter either ‘application number’ or ‘PAN number’
c) Check box ‘I am not a robot’, and finally click on ‘search button.
.