Tata Tech IPO: Record of Tata IPO even before its launch, price sky high in gray market, chances of bumper earning.

Tata Tech IPO: Record of Tata IPO even before its launch, price sky high in gray market, chances of bumper earning.

This week is going to prove to be very special for the stock market. What the stock market investors were waiting for for years is going to be fulfilled this week. We are talking about the most awaited IPO of the stock market, i.e. the IPO of Tata Technologies, which is going to open for subscription on 22nd November.

Many shares have become multibagger

Tata. Many shares of the group have proved to be multibaggers in the market. Be it TCS or Titan or Trent, shares of Tata Group have made many investors rich. Even the shares of Tata Group were the biggest contributor to the success of late veteran investor Rakesh Jhunjhunwala, known as the Big Bull of the Indian market.

Amazing atmosphere regarding IPO

< p>Now after almost two decades, a new IPO is coming from the coffers of Tata Group. Before this, the last IPO of Tata Group had come in the year 2002, when Tata Group’s IT company TCS had entered the market. Today, TCS is the second largest company in the stock market. In terms of market cap i.e. value, only Reliance Industries is ahead of it. Naturally, there is a lot of excitement in the market regarding Tata’s new IPO. Especially retail investors are eagerly waiting for Tata’s new IPO.

Need to invest so much money

This IPO of Tata Group will be open for investors on 22nd November and will be closed on 24th November. Bids can be placed till. The price band of Rs 475 to 500 has been fixed for this IPO. There are 30 shares of Tata Tech in one lot of IPO. That means a retail investor is going to need at least Rs 15 thousand to invest in this IPO.

Trading will start from December 5

The last day of this week i.e. After closing of bidding on 24th November, Tata Tech shares will be allotted on 30th November. For investors who do not get units in the IPO, refund will be initiated on December 1. Shares will be credited to the demat accounts of successful bidders on December 4. The listing of Tata Tech shares in the stock market will take place on December 5.

Price at 70 percent premium

There are still two days left for Tata Tech’s IPO to open, but Gray It is getting tremendous response in the market. On Sunday 19th November, Tata Tech’s GMP has become Rs 240-260. That means in the gray market, Tata Tech’s shares are trading at 70 percent premium before the IPO. If the situation remains the same in the market, then the investors of this IPO are going to earn 70 percent in a few days.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.

Also read: From Coal India to TCS, these shares are going to give great earning opportunities this week.

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