Tata Applied sciences IPO LIVE Updates : Essentially the most-awaited preliminary society providing (IPO) of the era, Tata Applied sciences Ltd, a world engineering services and products corporate owned through the Tata Crew that gives virtual answers and product building, will distinguishable for subscription lately, Wednesday, November 22, and can related on on Friday, November 24. Tata Applied sciences IPO worth band has been fastened within the area of ₹475 to ₹500 in keeping with fairness percentage of face price of ₹2. On the higher finish of the cost band, Tata Tech IPO is predicted to lift ₹3,042.51 crore. This IPO is an Deal For Sale (OFS) of as much as 60,850,278 fairness stocks.
Tata Applied sciences IPO LIVE Updates : Geojit Monetary Services and products assign ‘Subscribe’ score
The sturdy emblem legacy, in depth car experience and different world presence of Tata Tech will support spice up its expansion ambitions, in line with Geojit Monetary Services and products.
“On the higher worth band of Rs.500, Tata Applied sciences is to be had at P/E of 28.8x (FY24E annualised EPS), which seems to be slightly priced in comparison to friends. Its sturdy emblem legacy, in depth car experience, different world presence and strategic partnership with business leaders lend a definite merit that aligns neatly with its expansion ambitions. Therefore, we assign a “Subscribe” rating on a medium to long-term basis,” stated Geojit Monetary Services and products.
Tata Applied sciences IPO LIVE Updates : Tata staff IPO can see list positive factors, says Motilal Oswal
Brokerage company Motilal Oswal Monetary Services and products stated that the Tata Tech IPO is predicted to catch traders fancy and may just see list positive factors as neatly.
“The IPO is attractively priced at 29x 1HFY24 P/E (on annualized foundation) which is at a cut price to its friends. Tata Crew is coming with an IPO later an opening of nineteen years, catching traders fancy and therefore may just see list positive factors as neatly,” stated Motilal Oswal.
Motilal Oswal recommends Subscribe for Tata Tech
Tata Tech Limited is leading global engineering services player offering product developtment and digital solutions. The company enjoyes a niche presence, strong parentage and strategic partnership with marquee clients in the industry.
“We like TTL and recommend Subscribe given its niche presence, strong parentage and strategic partnership with marquee clients. This along with TTL’s focus on diversifying its offerings and clients, puts it in a sweet spot to tap huge outsourcing opportunity in ER&D space,” stated Motilal Oswal.
Tata Applied sciences IPO LIVE Updates : Life 01 subscription at 17:00 IST
Tata Applied sciences IPO subscription condition is 6.54 instances at 17:00 IST.
Tata Tech IPO’s retail person traders portion has been subscribed 5.43 instances, NII portion is subscribed 11.69 instances, and Certified Institutional Consumers (QIB) portion is booked 4.08 instances.
Tata Applied sciences IPO LIVE Updates : ‘Overwhelming investor hobby testomony of putting up with religion in Tata,’ says skilled
The overpowering investor hobby at the Tata Tech IPO as a sign in their enduring consider on Tata Crew in 19 years, in line with Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
“This confidence is further buoyed by a robust business model and compelling valuations, aligning seamlessly with investor expectations and contributing to the IPO’s success, said Shivani Nyati.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 15:50 IST
Tata Technologies IPO subscription status is 5.81 times at 15:48 IST.
Tata Tech IPO’s retail investors portion has been subscribed 5.81 times, NII portion is subscribed 10.13 times, and Qualified Institutional Buyers (QIB) portion is booked 3.98 times.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 15:30 IST, Issue booked over 5 times
Tata Technologies IPO subscription status is 5.56 times at 15:30 IST.
Tata Tech IPO’s retail investors portion has been subscribed 4.55 times, NII portion is subscribed 9.52 times, and Qualified Institutional Buyers (QIB) portion is booked 3.98 times. Employee portion has been subscribed 87%. Portion reserved for the shareholder has been booked 7.81 times.
Tata Technologies IPO has received bids for 25,05,30,300 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 15:15 IST
Tata Technologies IPO subscription status is 5.42 times at 15:15 IST.
Tata Tech IPO’s retail investors portion has been subscribed 4.41 times, NII portion is subscribed 9.27 times, and Qualified Institutional Buyers (QIB) portion is booked 3.96 times. Employee portion has been subscribed 85%. Portion reserved for the shareholder has been booked 7.56 times.
Tata Technologies IPO has received bids for 24,42,21,210 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 14:45 IST
Tata Technologies IPO subscription status is 4.64 times at 14:45 IST.
Tata Tech IPO’s retail investors portion has been subscribed 3.83 times, NII portion is subscribed 7.57 times, and Qualified Institutional Buyers (QIB) portion is booked 3.79 times. Employee portion has been subscribed 77%. Portion reserved for the shareholder has been booked 6.05 times.
Tata Technologies IPO has received bids for 20,88,93,630 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 14:18 IST, Issue subscribed over 4 times
Tata Technologies IPO subscription status is 4.33 times at 14:18 IST.
Tata Tech IPO’s retail investors portion has been subscribed 3.59 times, NII portion is subscribed 6.99 times, and Qualified Institutional Buyers (QIB) portion is booked 3.56 times. Employee portion has been subscribed 72%. Portion reserved for the shareholder has been booked 5.67 times.
Tata Technologies IPO has received bids for 19,51,95,120 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 14:00 IST
Tata Technologies IPO subscription status is 3.94 times at 14:00 IST.
Tata Tech IPO’s retail investors portion has been subscribed 3.45 times, NII portion is subscribed 6.74 times, and Qualified Institutional Buyers (QIB) portion is booked 3.56 times. Employee portion has been subscribed 70%. Portion reserved for the shareholder has been booked 3.51 times.
Tata Technologies IPO has received bids for 17,73,53,940 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 13:45 IST
Tata Technologies IPO subscription status is 3.66 times at 13:45 IST.
Tata Tech IPO’s retail investors portion has been subscribed 3.33 times, NII portion is subscribed 6.55 times, and Qualified Institutional Buyers (QIB) portion is booked 2.79 times. Employee portion has been subscribed 67%. Portion reserved for the shareholder has been booked 3.42 times.
Tata Technologies IPO has received bids for 16,47,53,280 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 13:30 IST
Tata Technologies IPO subscription status is 3.39 times at 13:30 IST.
Tata Tech IPO’s retail investors portion has been subscribed 3.11 times, NII portion is subscribed 5.66 times, and Qualified Institutional Buyers (QIB) portion is booked 2.78 times. Employee portion has been subscribed 64%. Portion reserved for the shareholder has been booked 3.28 times.
Tata Technologies IPO has received bids for 15,27,28,110 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 13:15 IST, Issue subscribed over 3 times
Tata Technologies IPO subscription status is 3.13 times at 13:15 IST.
Tata Tech IPO’s retail investors portion has been subscribed 2.96 times, NII portion is subscribed 5.44 times, and Qualified Institutional Buyers (QIB) portion is booked 2.19 times. Employee portion has been subscribed 61%. Portion reserved for the shareholder has been booked 3.14 times.
Tata Technologies IPO has received bids for 14,10,96,450 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 13:00 IST
Tata Technologies IPO subscription status is 2.98 times at 13:00 IST.
Tata Tech IPO’s retail investors portion has been subscribed 2.79 times, NII portion is subscribed 5.10 times, and Qualified Institutional Buyers (QIB) portion is booked 2.19 times. Employee portion has been subscribed 58%. Portion reserved for the shareholder has been booked 2.93 times.
Tata Technologies IPO has received bids for 13,40,04,900 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 12:45 IST
Tata Tech IPO subscription status is 2.79 times at 12:45 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 2.64 times, NII portion is subscribed 4.77 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 55%. Portion reserved for the shareholder has been booked 2.83 times.
Tata Technologies IPO has received bids for 12,56,72,010 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 12:27 IST
Tata Tech IPO subscription status is 2.56 times at 12:27 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 2.39 times, NII portion is subscribed 4.21 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 51%. Portion reserved for the shareholder has been booked 2.64 times.
Tata Technologies IPO has received bids for 11,54,38,920 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 12:12 IST
Tata Tech IPO subscription status is 2.38 times at 12:12 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 2.23 times, NII portion is subscribed 3.63 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 47%. Portion reserved for the shareholder has been booked 2.54 times.
Tata Technologies IPO has received bids for 10,70,54,580 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : GMP marginally rises to ₹358 per share
Tata Tech IPO GMP, or grey market premium, is presently ₹358, it has marginally risen from ₹355 in the morning, as per investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Tech share price is indicated at ₹858 apiece, which is 71.6% higher than the IPO price of ₹500.
Tata Technologies IPO live : Day 01 subscription at 11:45 IST
Tata Tech IPO subscription status is 2.13 times at 11:45 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 1.92 times, NII portion is subscribed 3.12 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 41%. Portion reserved for the shareholder has been booked 2.29 times.
Tata Technologies IPO has received bids for 9,58,38,150 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Also Read: Tata Tech IPO fully subscribed in less than an hour of opening; retail section gets full subscription
Tata Technologies IPO LIVE Updates : Day 01 subscription at 11:27 IST
Tata Tech IPO subscription status is 1.93 times at 11:27 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 1.68 times, NII portion is subscribed 2.78 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 32%. Portion reserved for the shareholder has been booked 2.04 times.
Tata Technologies IPO has received bids for 8,68,96,800 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 11:03 IST
Tata Tech IPO subscription status is 1.60 times at 11:03 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 1.35 times, NII portion is subscribed 2.11 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 23%. Portion reserved for the shareholder has been booked 1.48 times.
Tata Technologies IPO has received bids for 7,19,13,300 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 10:48 IST, retail portion fully subscribed
Tata Technologies IPO has been fully booked within 30 minutes of opening, with qualified institutional buyers (QIBs) and non-institutional investors (NIIS) taking the lead. The issue has been well received by retail investors as well.
Tata Tech IPO subscription status is 1.29 times at 10:48 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 1.02 times, NII portion is subscribed 1:45 times, and QIB portion is booked is booked 1.98 times. Employee portion has been subscribed 14%.
Tata Technologies IPO has received bids for 5,81,76,090 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 10:36 IST, issue fully booked
Tata Tech IPO subscription status is 1.04 at 10:36 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 70%, NII portion is subscribed 1.11 times, and Qualified Institutional Buyers (QIB) portion is booked 1.98 times. Employee portion has been subscribed 10%.
Tata Technologies IPO has received bids for 4,69,02,540 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Day 01 subscription at 10:30 IST
Tata Technologies IPO subscription status is 38% at 10:30 IST.
Tata Tech IPO’s retail investors portion has been subscribed 48%, NII portion is subscribed 80%, and Qualified Institutional Buyers (QIB) portion is booked is yet to be booked. Employee portion has been subscribed 5%
Tata Technologies IPO has received bids for 1,69,14,480 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO live : Day 01 subscription at 10:18 IST
Tata Tech IPO subscription status is 16% at 10:18 IST.
Tata Technologies IPO’s retail investors portion has been subscribed 19%, NII portion is subscribed 39%, and Qualified Institutional Buyers (QIB) portion is booked is yet to be booked. Employee portion has been subscribed 2%
Tata Technologies IPO has received bids for 72,72,930 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO LIVE Updates : Check out Tata Tech IPO’s reservation details
Tata Tech IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. The employee reservation portion has been allocated upto 2,028,342 equity shares, and Tata Motors Ltd shareholders has been reserved upto 6,085,027 equity shares.
Tata Technologies IPO live : Tata Tech IPO’s listed peers
Tata Technologies Ltd’s listed industry peers are KPIT Technologies Ltd (with P/E of 80.31), L&T Technology Services Ltd (with P/E of 37.47), and Tata Elxsi Ltd (with P/E of 61.55), as per Red Herring Prospectus (RHP).
Tata Technologies IPO LIVE Updates : Lead Managers and Registrar of Tata Tech IPO
Tata Tech IPO’s book running lead managers (BRLM) are JM Financial Limited, Citigroup Global Markets India Private Limited, and Bofa Securities India Limited. The issue’s registrar is Link Intime India Private Ltd.
Tata Technologies IPO live : Tata Tech IPO price band set at ₹475 to ₹500 per share
Tata Technologies IPO price band has been fixed in the range of ₹475 to ₹500 per equity share with a face value of ₹2. The floor price is 237.50 times the face value of the equity shares, and the cap price is 250 times. The price-to-earnings ratio based on diluted EPS for financial year 2023 at the cap price is as high as 32.53 times and at the floor price, 30.90 times.
Tata Technologies IPO LIVE Updates : Tata Technologies Ltd raised ₹791 crore from anchor investors on Tuesday, November 21
Tata Tech IPO raised ₹791 crore from 67 anchor investors at the upper price band of ₹500, with a face value of ₹2, for each equity share. There was a good balance of domestic and foreign names in the anchor book. On the anchor day, investments were made by top mutual funds like Aditya Birla MF, Nippon MF, Sundaram MF, Mirae MF, Edelweiss MF, and Canara Robeco MF as well as top foreign investors like Fidelity Funds, Government Pension Fund Global, and Goldman Sachs.
Out of the total allocation of 15,821,071 equity shares to the anchor investors, 7,099,980 equity shares (i.e. 44.88% of the total allocation to the Anchor Investors) were allocated to 17 domestic mutual funds have applied through a total of 39 schemes.
Tata Technologies IPO live : Here’s what Tata Technologies IPO GMP signals ahead of the issue opening
Tata Tech IPO GMP, or grey market premium, is +355. This indicates Tata Technologies share price today is trading at a premium of ₹355 in the grey market on Wednesday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Tech share price is indicated at ₹855 apiece, which is 71% higher than the IPO price of ₹500.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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