Tata Technologies IPO Listing Highlights: Bumper listing! Shares debut at 140% premium over IPO price
Tata Technologies IPO Listing LIVE Today News, Tata Tech Share Price NSE, BSE: Zee Business Managing Editor Anil Singhvi had recommended applying for the Tata Technologies IPO.
Tata Technologies IPO Listing LIVE Today News, Tata Tech Share Price NSE, BSE: Shares of Tata Technologies Limited made a blockbuster debut on Dalal Street on Thursday as they got listed at Rs 1,200 on the NSE, a 140 per cent premium over its issue price of Rs 500. Tata Tech was the first IPO by Tata Group in around two decades. Tata Consultancy Services (TCS) was the group's last IPO in 2004.
Zee Business Managing Editor Anil Singhvi had recommended applying for the Tata Technologies IPO.
Follow Zee Business' Live Blog to get all the latest updates on the listing of Tata Tech IPO on NSE and BSE:
Latest Updates
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 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.
Tata Technologies IPO Listing Today LIVE Updates: Tata Tech IPO price band
The board of Tata Technologies has set a price band of Rs 475-500 per share for the IPO.
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