The much-anticipated Tata Technologies IPO, a highlight of the season, is currently available for subscription in the pre-apply mode. This allows you to apply for the offer beforehand, ahead of its live bidding on the opening day.
The IPO, scheduled to begin subscription on Wednesday, November 22, and conclude on November 24, signifies Tata Group’s first initial public offering in two decades.
Tata Technologies’ shares are currently trading at a 70% premium in the grey market, ranging between ₹475 to ₹500 per equity share compared to the issue price of ₹340 to ₹345 per share.
Despite the subdued market sentiments on Dalal Street, analysts observed a noteworthy rise in the Tata Technologies IPO Grey Market Premium (GMP). Within just two days, the GMP escalated from around ₹240 to ₹375, signaling strong investor interest ahead of the public issue opening on November 22, 2023.
