Tata tech IPO is listed IPO WITH premium of 140% recorded best debut IPO in Indian share market in last 2 years beating all estimates in the market.
Tata technologies shares issued price of ₹500 but listed at ₹1,200 per share in NSE and ₹1,199.95 per share were listed in BSE
Normal where share were are trading at premium of about 80% Tata technologies shares trading at 140% premium, then took another 17% to take total gain at day’s high as Tata technologies shares IPO trading at 180%.
TATA TECH IPO
In last 5 years Best listing as took place on November 15, 2021 at 253% premium by spigachi industries where stock debuted at ₹575 per share which issued price was ₹163.
And then IPO of Paras defence company IPO on October 1 2021 which went up by 171%. Which a peak of the IPO bull market in 2021.
Share market say the in last IPO since 2000. Company debut to IPO and listed their IPO’s company are IRCTC, Happiest minds technologies, GR infra projects,l Route mobile etc.
Tata technologies or Tata group are the given the growth potential in all business model considering all factors we can say we recommend to buy Tata technologies shares IPO for the long term.
CMP of Tata technologies is ₹1337 the stock is0 trading at P/E multiple of 75.6x.
Investor reflects on the company as strong fundamentals and growth potential and off course the legacy of the Tata group. Tata technologies IPO as a positive development in the latest IPO listings.
In this IPO pure offer for sale of 65,850,278 share by tata motors and alpha TC holdings and tata capital growth fund-I had market capitalisation of ₹20,283 crore at ap PE of 32.5x . The stock market value had grown to 52,000 crore.
In this IPO Tata motor’s stake in tata technologies will go down from 64.79% to 53.39%.
Tata technologies private limited has playing prominent play in manufacturing focused in engineering research and development in automotive industry. They are currently top 7 out of top 10 automotive ER&D spender in new energy in 2023.
Tata technologies IPO subscription opened on November 22nd, closed on November 24th price fixed range of ₹475 to ₹500 per equity shares of face value of ₹2.
Alloted IPO lot size of Tata technologies was 30 equity shares. Tata technologies IPO allotment was finalized on Wednesday November 29th.
(disclaimer): suggestions and recommendations are views and opinions given by my own prospective. Please make your own research befor investing.)
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