Tata Technologies IPO Achieves Remarkable Listing with 140% Profit for Investors

Tata Technologies IPO Achieves Remarkable Listing with 140% Profit for Investors – Tata Technologies, a prominent Tata Group company, witnessed a spectacular listing on the stock market, with shares debuting on the BSE at Rs 1199, significantly higher than the issue price of Rs 500. This listing resulted in a substantial 140% profit for investors right from the start. The NSE listing occurred at Rs 1200, reflecting the strong demand and enthusiasm among investors. Notably, the IPO had received an overwhelming response, with record applications.

The Tata Tech IPO, open for subscription from November 22 to 24, garnered immense interest, closing nearly 70 times oversubscribed on the final day. Market expert Anil Singhvi advised investors to consider holding shares for the long term, emphasizing its potential as a valuable addition to their portfolios.

Anil Singhvi’s IPO Strategy:
During the IPO period, Anil Singhvi recommended applying for Tata Technologies, anticipating substantial listing gains as well as long-term potential. For short-term traders, he suggested implementing a stop loss at Rs 875. Meanwhile, Singhvi advised long-term investors to retain the stock in their portfolios for 2 to 3 years.

Tata Technologies IPO Listing Highlights:

  • Issue Price: Rs 500
  • Listing Price: Rs 1199.95
  • Lot Size: 30 shares
  • Listing Profit: Rs 21,000/lot

Key Points of Tata Technologies IPO:

  • IPO Date: November 22 to 24
  • Issue Price: Rs 500/share
  • Issue Size: Rs 3042.5 crore
  • Lot Size: 30 shares
  • Subscription: 69.43 times

Exceptional Response to Tata Tech IPO:
The Tata Technologies IPO, closing on November 24, witnessed an unprecedented response with a subscription rate of 69.4 times, attracting a record-breaking 73.6 lakh applications.

The qualified institutional buyer (QIB) category was oversubscribed by 203.41 times, demonstrating significant institutional interest. Non-institutional investors (NII) subscribed at 62.11 times, while the retail investor category reached a subscription of 16.50 times.

The shares are expected to be listed on BSE and NSE on December 5, marking a historic moment in the IPO market.

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