New Delhi: This week is going to be very special for the stock market. What the stock market investors have been waiting for is going to end this week. We are talking about the most awaited IPO of the stock market i.e. Tata Technologies IPO, which is going to open for subscription on 22nd November.
Many shares have become multibagger
Many shares of Tata Group have proven to be multibaggers in the market. Be it TCS or Titan or Trent, Tata Group shares have made many investors rich. Even the late veteran investor Rakesh Jhunjhunwala, popularly known as Big Bull in the Indian market, was behind the success of Tata Group shares.
Nearly two decades of intense IPO environment
After this, Tata Group’s IPO is coming. Tata Group’s last IPO came in 2002, when Tata Group’s IT company TCS went public. Only Reliance Industries is ahead in terms of market cap i.e. value. Obviously there is a lot of enthusiasm in the market about Tata’s new IPO. Especially retail investors are waiting for Tata’s new IPO.
This IPO of Tata Group will be opened for investors on 22nd November and bidding can be done till 24th November. , The price band of Rs 475 to 500 has been fixed for this IPO. One lot of the IPO includes 30 shares of Tata Tech. That means a retail investor will have to invest at least Rs 15 thousand.
Trading will start from December 5.
Tata Tech shares will be allotted on November 30 after the bidding closes on November 24. Investors who do not get units in the IPO will be refunded their money on December 1. Whereas the shares will be deposited in the account of the recipient of the shares on 4th December. Listing of Tata Tech shares in the stock market will take place on December 5.
at 70 percent premium
There are still two days left for Tata Tech’s IPO to open, but it is getting tremendous response in the gray market. On Sunday 19th November, GMP of Tata Tech has become Rs 240-260. That means before the IPO in the gray market, Tata Tech shares are trading at a premium of 70 percent. If this trend continues then investors can earn 70 percent.