Good news for investors looking to bet on Tata Technologies’ IPO. The company has announced the price band for the IPO (Tata Technologies Price Band). The price band of this IPO of Tata Group, which is going to open from November 22, has been fixed at 475 to 500 rupees. The price band is 47.4 percent cheaper than the unlisted market. Let us tell you that the IPO of Tata Technologies is trading around Rs 950 in the unlisted market.
What is Lot Size (Tata Technologies Lot Size)
A lot of 30 shares have been created for retail investors. Due to which investors have to bet at least 15,000 rupees. Any retail investor can bet on a maximum of 13 lots. Let us tell you that the IPO of Tata Technologies will be open for subscription till 24 November 2023.
Boom in gray market makes everyone happy (Tata Technologies GMP Today)
The company has also received good news from the gray market. According to a report by a top stock broker, the shares of the company today i.e. Thursday in the gray market traded at Rs. was trading at 298 levels. If there is no major change in the GMP status in the coming days, the listing of the company will be Rs. May be around 800. Tata Technology investors can earn up to 60 percent profit on the first day itself.
Allotment of shares in this IPO of Tata Group will be done on 1 December 2023. At the same time, the listing of the company on the stock market may take place on December 4, 2023. Let us tell you that Tata Technologies has reserved 2 lakh 3 thousand shares for employees.
How is the financial position of the company? (Tata Technologies Q2 Results)
Tata Technologies has had a good month from July to September 2023. The company’s net profit has increased by 36 percent during this period. The total net profit of the company in the second quarter of the current financial year has been Rs 351.09 crore. At the same time, revenue grew 33.8 percent year-on-year to Rs. 2526.70 crores.