Tata Technologies IPO: Latest GMP, Allotment, Listing Dates; How To Check Status?

Tata Technologies initial public offering (IPO) received an overwhelming response with oversubscription of 69.43 times. The Rs 3,042.51 crore IPO opened on November 22nd and ended on November 24th. All focus has now shifted towards the allotment of shares followed by listing on stock exchanges which is expected in the first week of December. Investors can check their allotment status through the registrar of the public offer, bank account, Demat account and on stock exchanges.

On the last day, Tata Tech IPO received bids of 3,12,64,69,230 equity shares against the offered size of 4,50,29,207 equity shares. This will lead to an oversubscription of 69.43 times in the IPO. On the upper price band, the IPO received bids which were mind-bogglingly worth Rs 1,56,323.46 crore.

Overall, in the IPO, the Qualified Institutional Buyers (QIB) were the largest bidders with the portion subscribing by a massive 203.41 times, followed by non-institutional investors (NII) whose portion booked 62.11x subscriptions. Retail individual investors (RII) also subscribed to the portion 16.50 times, while reserved shares for employees received 3.70 times subscriptions. The portion reserved for shareholders of Tata Motors also subscribed 29.19 times.

The issue price for the IPO is fixed at Rs 500 per share.

Ahead of the listing, on Monday, as per Investor Grain, Tata Technologies IPO's last GMP is Rs 414, last updated Nov 27th 2023 08:58 AM. With a price band of 500.00, Tata Technologies IPO's estimated listing price is Rs 914 (cap price + today's GMP). The expected percentage gain/loss per share is 82.80%.

This Tata IPO is likely to carry allotment of shares on November 30th, followed by initiation of refunds on December 1st, and credit of shares in demat accounts on December 4th. As per Chittorgarh, Tata Tech is expected to list on December 5, 2023.

Here's how to check your allotment status through various mediums in Tata Technologies IPO:

1. Tata Tech IPO Link Intime Allotment Status:

Step 1: Visit Link Intime IPO Allotment Page (https://linkintime.co.in/MIPO/Ipoallotment.html)

Step 2: Select the option of personal identification to proceed further to select the IPO name. These can be a Permanent Account Number (PAN) card, Aadhaar card, or DP ID options.

Step 3: After doing so, click on the drop-down menu bar to select the IPO name. Select 'Tata Technologies'.

Step 4: Feed the details of PAN, Aadhaar, or DP ID as per your selection.

Step 5: Click on the 'Search' button lastly to proceed to check your allotment status on the screen.

Tata Tech IPO allotment status BSE

Step 1: Under the investors' section of the BSE website, click on 'Status of Issue Application'. Here is the link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the issue type either Equity or Debt

Step 3: Select the IPO name 'Tata Technologies' from the drop-down menu on the Issue Name.

Step 4: Feed in the details of either Application No. or PAN card.

Step 5: Select the captcha mode and then click on 'Search'. You get to know your allotment status accordingly.

Tata Tech IPO Allotment Status NSE

- Exchange will also provide Allotment information as provided by the registrar to the issue. Click here to log in (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

- To avail of this facility, the investor has to register one time by providing the PAN details.

- The user shall be able to view the details of the bids entered against the registered PAN number

- On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

Tata Tech IPO Allotment Status Demat Account

- Another method to check your application status for Tata Tech's IPO could be your demat account. You can call your broker, or log into your trading account for this.

- If your application is approved and Tata shares are credited then it should reflect in your Demat account.

Tata Tech IPO Allotment Status Bank Account

- To check your application status, investors need to log in to their bank account from which they have applied for Tata Tech IPO.

- After logging in, you need to check your balance statement.

- If an investor has received the allotment, then the amount will be debited from your account. If not, then the amount will be credited.

- Also, as per IPO Watch, if you got the allotment you should have gotten an SMS "Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000."