Tata Technologies IPO subscription standing is 3.39 instances at 13:30 IST.

Tata Tech IPO’s retail buyers portion has been subscribed 3.11 instances, NII portion is subscribed 5.66 instances, and Qualified Institutional Buyers (QIB) portion is booked 2.78 instances. Employee portion has been subscribed 64%. Portion reserved for the shareholder has been booked 3.28 instances.

Tata Technologies IPO has acquired bids for 15,27,28,110 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Technologies IPO subscription standing is 3.13 instances at 13:15 IST.

Tata Tech IPO’s retail buyers portion has been subscribed 2.96 instances, NII portion is subscribed 5.44 instances, and Qualified Institutional Buyers (QIB) portion is booked 2.19 instances. Employee portion has been subscribed 61%. Portion reserved for the shareholder has been booked 3.14 instances.

Tata Technologies IPO has acquired bids for 14,10,96,450 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Technologies IPO subscription standing is 2.98 instances at 13:00 IST.

Tata Tech IPO’s retail buyers portion has been subscribed 2.79 instances, NII portion is subscribed 5.10 instances, and Qualified Institutional Buyers (QIB) portion is booked 2.19 instances. Employee portion has been subscribed 58%. Portion reserved for the shareholder has been booked 2.93 instances.

Tata Technologies IPO has acquired bids for 13,40,04,900 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 2.79 instances at 12:45 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 2.64 instances, NII portion is subscribed 4.77 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 55%. Portion reserved for the shareholder has been booked 2.83 instances.

Tata Technologies IPO has acquired bids for 12,56,72,010 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 2.56 instances at 12:27 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 2.39 instances, NII portion is subscribed 4.21 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 51%. Portion reserved for the shareholder has been booked 2.64 instances.

Tata Technologies IPO has acquired bids for 11,54,38,920 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 2.38 instances at 12:12 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 2.23 instances, NII portion is subscribed 3.63 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 47%. Portion reserved for the shareholder has been booked 2.54 instances.

Tata Technologies IPO has acquired bids for 10,70,54,580 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO GMP, or gray market premium, is presently ₹358, it has marginally risen from ₹355 within the morning, as per investorgain.com. 

Considering the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Tata Tech share value is indicated at ₹858 apiece, which is 71.6% larger than the IPO value of ₹500.

Tata Tech IPO subscription standing is 2.13 instances at 11:45 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 1.92 instances, NII portion is subscribed 3.12 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 41%. Portion reserved for the shareholder has been booked 2.29 instances.

Tata Technologies IPO has acquired bids for 9,58,38,150 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Also Read: Tata Tech IPO fully subscribed in less than an hour of opening; retail section gets full subscription

Tata Tech IPO subscription standing is 1.93 instances at 11:27 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 1.68 instances, NII portion is subscribed 2.78 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 32%. Portion reserved for the shareholder has been booked 2.04 instances.

Tata Technologies IPO has acquired bids for 8,68,96,800 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 1.60 instances at 11:03 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 1.35 instances, NII portion is subscribed 2.11 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 23%. Portion reserved for the shareholder has been booked 1.48 instances.

Tata Technologies IPO has acquired bids for 7,19,13,300 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Technologies IPO has been absolutely booked inside half-hour of opening, with certified institutional patrons (QIBs) and non-institutional buyers (NIIS) taking the lead. The subject has been effectively acquired by retail buyers as effectively.

Tata Tech IPO subscription standing is 1.29 instances at 10:48 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 1.02 instances, NII portion is subscribed 1:45 instances, and QIB portion is booked is booked 1.98 instances. Employee portion has been subscribed 14%.

Tata Technologies IPO has acquired bids for five,81,76,090 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 1.04 at 10:36 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 70%, NII portion is subscribed 1.11 instances, and Qualified Institutional Buyers (QIB) portion is booked 1.98 instances. Employee portion has been subscribed 10%.

Tata Technologies IPO has acquired bids for 4,69,02,540 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Technologies IPO subscription standing is 38% at 10:30 IST.

Tata Tech IPO’s retail buyers portion has been subscribed 48%, NII portion is subscribed 80%, and Qualified Institutional Buyers (QIB) portion is booked is but to be booked. Employee portion has been subscribed 5%

Tata Technologies IPO has acquired bids for 1,69,14,480 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO subscription standing is 16% at 10:18 IST.

Tata Technologies IPO’s retail buyers portion has been subscribed 19%, NII portion is subscribed 39%, and Qualified Institutional Buyers (QIB) portion is booked is but to be booked. Employee portion has been subscribed 2%

Tata Technologies IPO has acquired bids for 72,72,930 shares towards 4,50,29,207 shares on provide, in line with information from the BSE.

Tata Tech IPO has reserved no more than 50% of the shares within the public subject for Qualified Institutional Buyers (QIB), not lower than 15% for Non Institutional Investors (NII), and never lower than 35% of the provide is reserved for Retail Investors. The worker reservation portion has been allotted upto 2,028,342 fairness shares, and Tata Motors Ltd shareholders has been reserved upto 6,085,027 fairness shares.

Tata Technologies Ltd’s listed trade friends 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 Tech IPO’s ebook working lead managers (BRLM) are JM Financial Limited, Citigroup Global Markets India Private Limited, and Bofa Securities India Limited. The subject’s registrar is Link Intime India Private Ltd.

Tata Technologies IPO value band has been fastened within the vary of ₹475 to ₹500 per fairness share with a face worth of ₹2. The flooring value is 237.50 instances the face worth of the fairness shares, and the cap value is 250 instances. The price-to-earnings ratio primarily based on diluted EPS for monetary 12 months 2023 on the cap value is as excessive as 32.53 instances and on the flooring value, 30.90 instances.

Tata Tech IPO raised ₹791 crore from 67 anchor buyers on the higher value band of ₹500, with a face worth of ₹2, for every fairness share. There was a superb stability of home and overseas names within the anchor ebook. On the anchor day, investments had been made by high mutual funds like Aditya Birla MF, Nippon MF, Sundaram MF, Mirae MF, Edelweiss MF, and Canara Robeco MF in addition to high overseas buyers like Fidelity Funds, Government Pension Fund Global, and Goldman Sachs.

Out of the whole allocation of 15,821,071 fairness shares to the anchor buyers, 7,099,980 fairness shares (i.e. 44.88% of the whole allocation to the Anchor Investors) had been allotted to 17 home mutual funds have utilized by means of a complete of 39 schemes.

Tata Tech IPO GMP, or gray market premium, is +355. This signifies Tata Technologies share value right this moment is buying and selling at a premium of ₹355 within the gray market on Wednesday, in line with investorgain.com.

Considering the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Tata Tech share value is indicated at ₹855 apiece, which is 71% larger than the IPO value of ₹500.

‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.

Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to verify with licensed specialists earlier than taking any funding choices.