Tata Technologies IPO Listing Date and Time, How to Check Allotment Status of Tata Technologies IPO?

Tata Technologies IPO Listing Date and Time

Listing Date : November 30, 2023

Listing Time : 10:00 AM IST 

The Tata Technologies IPO share allotment was finalized on November 29, 2023. As per multiple sources, the much-anticipated Tata Technologies IPO is set to be listed on November 30, 2023. While the specific listing time hasn't been officially announced, it is anticipated to be around 10:00 AM IST. Investors eagerly awaiting the listing can find it on both BSE and NSE.

For those who applied for the Tata Technologies IPO, checking the allotment status can be done through the registrar's portal. The listing date aligns with the information available across various platforms, solidifying November 30, 2023, as the significant day for Tata Technologies as it enters the stock exchanges on both NSE and BSE. 

How to Check Allotment Status of Tata Technologies IPO?

Investors are advised to check the status on the official platforms to ensure accuracy and reliability. The listing date for Tata Technologies IPO shares is confirmed for November 30, 2023. It's noteworthy that Tata Technologies, being a global engineering research and development (ER&D) company, has generated substantial interest, evidenced by its high subscription rate of 69.43 times during the IPO period. To check the allotment status of the highly anticipated Tata Technologies IPO, investors can follow these steps.

Method 1: Checking Allotment Status on Registrar's Website

Checking the allotment status on the registrar's website is a straightforward process, allowing investors to verify their application outcomes conveniently. Follow these steps to check the allotment status of Tata Technologies IPO on the registrar's website:

1. Go to the official registrar's website using the provided link: Link to Registrar's Website
2. Look for the section specifically related to IPO allotment on the website's homepage.
3. Within the IPO allotment section, find and select 'Tata Technologies' from the list of companies.
4. Input the necessary details, which may include your PAN (Permanent Account Number), application number, DP/Client ID, or Account number/IFSC.
5. If prompted, complete any additional verification steps, such as entering a captcha or providing other relevant information.
6. Click on the 'Submit' button after entering all the required details.
7. The website will display your Tata Technologies IPO application status, revealing the number of shares you applied for and the number of shares allotted to you.

Method 2: Checking Allotment Status on BSE or NSE Website

Checking the allotment status on the official BSE or NSE website provides a reliable source of information, allowing investors to confirm the outcome of their Tata Technologies IPO application. To check the allotment status of Tata Technologies IPO on the official websites of either the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE), follow these steps:

1. Go to the official website of either BSE or NSE.
   1. BSE: BSE Official Website 
   2. NSE: NSE Official Website.
2. On the website, locate and navigate to the 'Equity' section. This is where you will find information related to stock trading and IPOs.
3. In the 'Equity' section, find the dropdown menu and select 'Tata Technologies' from the list of available companies.
4. Input your Tata Technologies IPO application number and PAN (Permanent Account Number) in the designated fields.
5. Click on the 'Search' button or a similar option as per the website's interface.
6. The website will display information regarding the number of Tata Technologies IPO shares allotted to you based on your application.

What Will be the Tata Technologies IPO Share Value?

As of its debut on November 30, 2023, Tata Technologies made a significant impact on the stock market. The stock listed at ₹1,200 on both NSE and BSE, representing an impressive 140% premium to the issue price of ₹500 during its initial public offering (IPO). The Tata Technologies IPO, with a total worth of ₹3,042.51 crore, had been open for subscription from November 22 to November 24, offering shares in the price band of ₹475-500.

The strong listing at ₹1,200 showcases the considerable market optimism surrounding Tata Technologies, contributing to the substantial premium over the IPO price.

Analysts had anticipated this positive response, predicting a noteworthy premium and foreseeing potential trading activity that could drive the Tata Technologies share price even higher, potentially reaching levels of ₹1,000 per share on the listing day itself. The robust debut underlines the market's confidence in Tata Technologies and the overall success of its IPO.

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Tata Technologies IPO Subscription

The Tata Technologies IPO garnered immense interest, boasting a subscription rate of 69.43 times on the final day. Investors bid for a staggering 312.65 crore equity shares, far surpassing the 4.5 crore shares available. Noteworthy subscription rates included 203.41 times for qualified institutional buyers, 62.11 times for non-institutional investors, and 16.50 times for retail investors.

Employee subscriptions reached 3.7 times, and the shareholder-reserved portion recorded a subscription rate of 29.19 times. This overwhelming response highlights the widespread market enthusiasm and confidence in Tata Technologies.

Tata Technologies IPO Prediction

Analysts express optimism for the Tata Technologies IPO, citing its strong competitive position due to a diverse client base, efficient delivery network, and focus on innovation. The IPO's success is attributed to attractive valuations compared to industry peers, with Tata Tech's FY23 PE ratio of 32-33x outperforming competitors.

Notably, the company has exhibited superior financial growth from FY21-23. Key strengths include expertise in emerging automotive sectors, deep knowledge in the automotive field, and a scalable global delivery model fostering close client relationships. These factors position Tata Technologies for both short-term gains and long-term success.

Should You Buy Tata Technologies After Listing?

After its listing, Tata Technologies is considered a long-term investment opportunity. The current market price (CMP) of ₹1,337 reflects a price-to-earnings (P/E) multiple of 75.6x, aligning with industry peers. For short-term investors, it is suggested to consider booking profits, while long-term investors are advised to remain invested.

This perspective emphasizes the importance of aligning investment decisions with individual investment goals and timelines. While short-term investors may find profit-taking beneficial, long-term investors may see potential value in holding onto Tata Technologies shares for an extended period. The stock's P/E multiple and positioning in line with industry peers contribute to the recommendation for long-term investment, emphasizing a strategic approach to maximize returns.