Tata Technologies Share Price Listing Prediction, Expectation, Tata Technologies Grey Market Premium, GMP Price Today: Tata Technologies Initial Public Offering (IPO) received bumper subscription in the primary market from public.
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The Rs 3,042.5 crore maiden share was subscribed 69.43 times on the final day of subscription on November 24 (Friday), driven by remarkable participation from institutional buyers. This is the first company from the Tata Group to float an initial public offer (IPO) in nearly two decades.
Tata Technologies GMP Price Today: Latest Grey Market Premium
One of the key indicators of market sentiment surrounding an IPO is the Grey Market Premium (GMP).
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According to various websites that track the grey market activities, the GMP for Tata Technologies IPO has soared in the price range of Rs 410 – 412 in the unregulated market, reflecting the high demand for the company‘s shares.
This substantial premium in the grey market indicates that investors are willing to pay a significant premium to secure a stake in Tata Technologies. Such strong GMP numbers signify the market’s positive outlook on the company’s potential growth and value appreciation.
Tata Technologies Share Price Listing Prediction, Expectation
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Tata Technologies share price is likely to be listed with a premium of 82 per cent, considering a GMP of Rs 412 on the stock price of Rs 500 per share fixed by the Tata Group company in the primary market ahead of its debut in the secondary market.
