Tata Technologies IPO to hit Street tomorrow. Should you subscribe? Here’s what Anil Singhvi recommends

Tata Technologies IPO, Tata Technologies IPO price band: The much-anticipated upcoming initial public offer (IPO) of Tata Technologies, the first Tata group issue in nearly two decades, is set to open for subscription on Wednesday, November 22. The board of Tata Technologies, a subsidiary of Tata Motors, has set a price band of Rs 475-500 per share for the IPO. The subscription window for the Tata group IPO will be available from 10 am to 5 pm for three trading days, till November 24.

Tata Technologies IPO reviews: Should you apply for the Tata Technologies IPO? Here's what market wizard Anil Singhvi suggests

Zee Business Managing Editor Anil Singhvi recommends applying for the Tata Technologies IPO.

Here are some of the key things to know about the Tata Technologies

Tata Technologies IPO allotment date

The basis of the allotment of shares, under the Tata Technologies IPO, is set to be finalised on November 30. While unsuccessful bidders will have refunds initiated against their applications tentatively on December 1, the winners will get shares credited into their demat accounts on December 4.

Tata Technologies IPO listing date

Tata Technologies shares are likely to be listed on stock exchanges BSE and NSE tentatively on December 5.

Tata Technologies IPO 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- Rs 15,000 per lot.

Tata Technologies IPO: Book-running lead managers, registrar

JM Financial Ltd, Citigroup Global Markets India Pvt Ltd and BofA Securities India Ltd are the book running lead managers, and Link Intime India Pvt Ltd is the registrar for the IPO.

What does Tata Technologies do?

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

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