Tata Technologies IPO Listing Highlights: Bumper listing! Shares debut at 140% premium over IPO price

Tata Technologies Listing LIVE | TATATECH shares soar to as high as Rs 1,400 after bumper listing

Tata Technologies (TATATECH) shares zoom to as high as Rs 1,400 apiece on stock exchanges BSE and NSE, a premium of as high as 180 per cent over the upper end of the price range of the Tata group company's IPO. 

Two hours into a blockbuster listing, TATATECH shares are at Rs 1336.3 apiece and Rs 1,335—a premium of around 167 per cent.

Take a look at how the stock has moved on BSE so far on the listing day: 

Image: BSEIndia.com

Tata Technologies IPO Listing Today LIVE Updates: Company's valuation jump to 52,818 crore 

The bumper listing of Tata Tech shares has elevated the company's valuation to Rs 53,063 crore. 

Tata Technologies IPO Listing Today LIVE Updates: Shares zoom over 16%

Soon after listing, shares of Tata Technologies surged over 16 per cent to touch Rs 1,400 apiece on the BSE. 

Tata Technologies IPO Listing Today LIVE Updates: Profit of Rs 21,000 on listing - Check stop loss by Anil Singhvi

Tata Tech IPO Listing: लिस्ट होते ही हर लॉट पर ₹21000 का मुनाफा, अनिल सिंघवी ने कहा - स्टॉक पर ₹875 स्टॉपलॉस लगाएं #tatatech #ipolisting #ipo https://t.co/UK31fXx20i

— Zee Business (@ZeeBusiness) November 30, 2023

Tata Technologies IPO Listing LIVE: Tata Tech shares list at 140% premium over IPO price

Share of Tata Technologies settled at Rs 1199.95 on the BSE. This is around 140 per cent premium over the IPO price of Rs 500. 

Tata Technologies IPO Listing Today LIVE Updates: Bumper listing for Tata Tech

Share price of Tata Technologies has settled at Rs 1199.95 on the BSE. This is a gain of around 140 per cent against the issue price of Rs 500 

Tata Technologies IPO Listing Today LIVE Updates: Negatives of the company

Zee Business Managing Editor Anil Singhvi listed out the following negatives of the company 

One-third of business comes from the Tata Group

Few group companies operate in similar kinds of business

Tata Technologies IPO Listing Today LIVE Updates: Gandhar Oil, Flair Writing too will be listed today

Apart from Tata Tech, shares of Gandhar Oil and Flair Writing are also scheduled to be listed today. 

Tata Technologies IPO Listing Today LIVE Updates: Positives of the company 

Zee Business Managing Editor Anil Singhvi listed out the following positives of the company 

Strong and experienced promoters

Deep relationship with clients across Globe

Strong digital and technology skills

Debt free company with strong cash flow

Impressive financial track record

Strong growth prospects

Very attractive valuations

Stock may double very soon

Tata Technologies IPO Listing Today LIVE Updates: Anil Singhvi's view

Zee Business Managing Editor Anil Singhvi recommended applying for the Tata Technologies IPO for big listing gains and long-term. 

Tata Technologies IPO Listing Today LIVE Updates: What does the company do?

Tata Technologies offers product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their Tier 1 suppliers.

Tata Technologies IPO Listing Today LIVE Updates: Link Intime is registrar

Link Intime India Pvt Ltd is the registrar for the IPO.

Tata Technologies IPO Listing Today LIVE Updates: Book-running lead managers, registrar 

JM Financial Ltd, Citigroup Global Markets India and BofA Securities India are the book-running lead managers.

Tata Technologies IPO Listing Today LIVE Updates: Lot size and issue price

Potential investors will be able to bid for Tata Technologies shares under the IPO at Rs 475-500 apiece in multiples of 30 equity shares, translating to Rs 14,250- 15,000 per lot. 

Tata Technologies IPO Listing Today LIVE Updates: Subscribed over 69 times

Tata Technologies IPO was subscribed 69.43 times on the last day of the bidding process. It received bids for 3,12,64,92,240 shares against 4,50,29,207 shares on offer.