Tata Technologies IPO News: Tata Group’s Initial Public Offer (IPO) is coming after two decades. In such a situation, there is a lot of enthusiasm among the investors regarding this in the market. This IPO has also received the green signal from the market regulator Securities and Exchange Board of India (SEBI), but the company has not yet announced the price band of its IPO. Many market experts believe that the price band of this IPO can be Rs 268 per share. The company’s shares have debuted in the unlisted market after which its GMP is around Rs 100.
How much was GMP last week
Significantly, Tata Group has not yet announced the date of launch of IPO of Tata Technologies. According to market experts, the IPO of Tata Technologies was at a premium of Rs 84 in the gray market last week, which has increased to Rs 100 this week. In such a situation, within just one week, an increase of Rs 16 per share is being seen in it. In such a situation, it is expected that it will make investors rich.
How long will the price band be fixed?
According to experts, Tata Group may take one to one and a half months to decide the price band of the company. Only after this the company will announce the subscription date of the IPO. The IPO of such a company will come only between August and September. The company can make its official announcement soon. This IPO will be completely brought through offer for sale, according to Business Standard news.
What the company does
Tata Motors holds 74.69 per cent, Tata Capital Growth Fund 3.63 per cent and Alpha TC Holding 7.26 per cent in Tata Technologies Company. This company is a subsidiary of Tata Motors which provides engineering services. It helps in manufacturing products like machinery, auto, aerospace. The business of this company is spread from India, America to Europe. It has more than 9,400 employees worldwide.
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