Tata Technologies IPO vs IREDA IPO vs Flair Writing IPO vs Gandhar Oil IPO:
IPO to watch: After opening of four more IPOs along with much more awaited Tata Technologies IPO, primary market investors may find it difficult to use their money in current situation as most of these public issues are looking strong. At a time when stock investor experts are expecting strong listing premium from these public offers, one should use one’s money in smart manner and maximize its more return.
Important Points To Know While Investing
Tata Technologies IPO is expected to give highest return followed by IREDA IPO, Flair Writing IPO, Gandhar Oil IPO and Fedbank Financial Services IPO. So, one must apply for Tata Technologies IPO. However, Tata Technologies IPO subscription status is expected to remain highest among all these five IPOs, which means chances of share allotment is least in Tata Technologies IPO. So, if you apply in Tata Technologies IPO only then in that case, this might happen that you may not get company shares during allotment and hence you fail to cash-in from this primary market opportunity.”
Here, in case of these five IPOs, listing premium is expected highest in Tata Technologies IPO but chances of shares allocation is lower. Hence, one needs to find a middle path. Rather putting most amount in Tata Technologies IPO, one should diversify one’s investment amount in Tata Technologies IPO, IREDA IPO and Flair Writing IPO.”
On what could be the idea ratio for a primary market investor to maximize one’s return, “One can allocate 75 per cent of one’s amount in Tata Technologies IPO and 25 per cent each in IREDA IPO and Flair Writing IPO.”
IPO GMP today
According to market observers-
- Tata Technologies IPO GMP today is ₹352,
- IREDA IPO GMP today is ₹10,
- Flair Writing IPO GMP today is ₹59,
- Gandhar Oil IPO GMP today is ₹78 while
- Fedbank Financial Services GMP today is ₹5
NOTE- All Here Given Information Is For Educational Purpose ,While Taking Any Decision Talk With Your Financial Advisor.
Tata Technologies IPO: GMP, price, lot size, review, other details. Apply or not?
Tata Technologies IPO: After a gap of nearly 20 years, Tata Group is coming with its initial offer today(IPO). The initial public offering of Tata Technologies Limited has hit the Indian primary market today and the book build issue will remain open for bidding till 24th November 2023.
The Tata Group company has fixed the Tata Technologies IPO price band at ₹475 to ₹500 per equity share. The public issue worth ₹3,042.51 crore is proposed for listing on BSE and NSE. The public issue is 100 per cent.
Tata Technologies IPO subscription status-
By 11.00 AM on day 2 of bidding,
- The public issue has been subscribed 8.73 times
- Retail portion has been subscribed 7.47 times.
- Its NII segment has been subscribed 16.69 times
- QIB portion has been subscribed 4.11 times
Meanwhile, the grey market is signaling a Bullish trend regarding Tata Technologies IPO and available at a premium of ₹352 in the grey market today.
Important Tata Technologies IPO details
- Tata Technologies IPO GMP: Shares of the stationary brand are available at a premium of ₹352 in the grey market today.
- Tata Technologies IPO date: The public issue has opened today and it will remain open for bidding till 24th November 2023 i.e. till Friday this week.
- Tata Technologies IPO price: The company has a fixed issue price of ₹475 to ₹500 per equity share.
- Tata Technologies IPO size: The stationary brand aims to raise ₹3,042.51 crore from its initial offer. The public issue is 100 percent OFS (offer for sale) in nature.
- Tata Technologies IPO lot size: A bidder will be able to apply in lots and one lot of the public issue comprises 30 company shares.
- Tata Technologies IPO investment limit: As one lot of Tata Technologies IPO comprises 30 company shares and Tata Technologies IPO price band has been fixed at ₹475 to ₹500 per equity share, a retail investor will require a minimum of ₹15,000 ( ₹500 x 30) to apply for the Tata Technologies IPO.
- Tata Technologies IPO allotment date: In the wake of the T+3 schedule, the initial public issue is expected to finalize the allocation of shares either on 27th November 2023 or latest by 28th November 2023.
- Tata Technologies IPO listing: The public issue worth ₹3,042.51 crore is proposed for listing on BSE and NSE.
- Tata Technologies IPO listing date: The public issue is expected to be listed on Wednesday next week or on 29th November 2023.
Tata Technologies IPO: Apply or not?
Tata Technologies IPO review: Tata Technologies Limited is a leading player in the EV segment and has helped many companies globally to launch EV, re-engineer ICE to EV and also assist in the role of EV as the way forward. The company reported revenues of ₹4,414 crore for the year ended March 23 and ₹2,526 crore for the six months ended September 23.
It has a PAT margin of 14.14%. The EPS for March 23 was ₹15.37. The PE multiple at the price band is 30.90-32.53. The issue is attractively priced, and offers scope for appreciation in the short to medium term. The size of the issue is relatively small at just about ₹3,000 crore. The hype about the issue, will leave many investors dissatisfied about the non-allotment. In any case, an investment must be made.”
- Tata Elxsi(which traded at 65.9x TTM EPS)
- KPIT Technologies (86.2x TTM EPS)
- L&T Technology Services (37.0x TTM EPS)
According to us investors should subscribe to the IPO for medium to “long term perspective.”