Tata Technologies IPO | Tata’s IPO coming after 19 years, GMP Priced at Rs 285

Tata Technologies IPO | After 19 years, the IPO of a Tata group company is coming. Investors have been waiting for this IPO for a long time. The company has also received SEBI’s approval. In such a situation, it is expected that by the end of August or by September 2023, this IPO can hit the primary market. Let’s know what can be the price band of Tata Technologies’ IPO? And what is the status of GMP?

What could be the price band of Tata Technologies IPO?

Stock market expert says, “If you compare Tata Technologies with the market cap of Cyant, then the IPO can come to Rs 12,000 crore. According to the company’s proposal, 4,05,668,530 shares will be listed. In such a situation, the price band of Tata IPO can be Rs 295 per share. If the company gives a discount of Rs 10 to 15, then the price band of Tata Technologies’ IPO can be 280 to 285 rupees.

GMP of Tata Technologies IPO?

According to experts tracking the grey market, Tata Technologies shares are trading at a premium of Rs 84. Which is 16 rupees less than last week’s GMP. Let me tell you, the company Tata Motors has a large stake. Through the IPO, Tata Motors is going to reduce its stake in Tata Technologies.

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