Tata Technologies IPO: After two decades, Tata's IPO boom again, premium started making record in gray market from now

Tata Technologies GMP: After almost two decades, the IPO of a Tata group company is about to come in the stock market, due to which the eyes of investors of every category are on the proposed issue ...

After almost two decades, a new Tata group company is about to enter the stock market. Now the Tata Technologies IPO (Tata Technologies IPO) of Tata Group company is about to come. The details of this IPO of Tata have not come yet, but there is a buzz in the gray market.

The last IPO came in 2004

The last time an IPO of a Tata group company came 19 years ago. At that time, in the year 2004, there was an IPO of Tata Group's IT company TCS. The IPO of TCS also created a lot of panic in the market and now it is the second largest listed company in the country after Reliance Industries. This is the reason why investors of every category are eagerly waiting for the new IPO of Tata Group.

Expected to launch in a month

Tata Technologies Limited is actually a subsidiary of Tata Group's auto company Tata Motors. Tata Technologies IPO has already got approval from the market regulator Securities and Exchange Board of India ie SEBI. The market is now waiting for when the IPO of Tata Technology will be launched. It is believed that this IPO may come at the end of August or beginning of September. This means that within the next one month, the new IPO of Tata Group can knock in the market.

Estimated details of IPO

Tata Technologies IPO will have 405,668,530 shares. The estimated value of the company is said to be around Rs 12,000 crore, so it is believed that the issue price of the IPO could be around Rs 295 per share. However, if the company gives a discount, then the IPO price can remain near Rs 265-270. Although the kind of response is being received in the gray market from now on, some analysts are assuming that the company can do tight pricing and in this case the IPO price range can be Rs 315 to 320 per share.

Premium reached Rs.

The gray market started bullish speculation about Tata Technologies IPO from the time SEBI approved the issue proposal. Now as the possible date of IPO launch is getting closer, the response in the gray market is also getting faster. Right now the gray market premium ie GMP of Tata Technologies IPO has reached Rs 105. A week ago it was at Rs 89.

Market sentiment is weak

This response is also great because the market sentiment is weak right now. In the month of July, BSE Sensex and NSE Nifty created new high levels several times in a row. Since then there has been selling in the market and the sentiment remains weak. Even after that, there is enthusiasm about the new IPO of Tata Group.