Tata Group had launched an IPO after almost 20 years. Investors took it in stride and now everyone is waiting for the listing. It is trading with a premium of Rs 415 in the gray market.
In the month of November, many companies have launched their IPOs for investors. Whenever a company needs funds for its development, it opens its IPO. In this IPO, companies sell their stocks to investors. For this reason, apart from stocks, investing in IPO is also considered a very good option.
Tata Technologies IPO
Tata Tech’s IPO was open to investors after almost two decades. Before this, TCS IPO was opened in the year 2004. If we talk about Tata Technologies IPO, then this IPO opened on 22 November 2023 and will close on 24 November 2023 i.e. today. On the very first day of this IPO, it was completely subscribed within minutes of opening.
At the same time, it has been subscribed 20 times so far among shareholders. For investing in Tata Tech’s IPO, experts have advised that one should invest for the company’s listing gain and long term profit. It is expected that the company’s shares will be listed in the stock market in December 2023.
How you can check the allotment status
1) Go to the BSE website.
2) Select ‘Equity’ and then from the dropdown, select the issue name.
3) Enter your application number and PAN card number.
4) Click on the “Search” button.
The status will only appear after allotment if the details are entered correctly. The equity shares are expected to be credited to the demat accounts of successful investors by November 29.