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Tata Technologies IPO: GMP remains steady. Price, lot size, other details of upcoming IPO

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Tata Technologies IPO: the initial public offering (IPO) of Tata Technologies Ltd is going to hit primary market on 22nd November 2023. Bidding for Tata Technologies IPO will remain open till 24th November 2023. Hence, Tata Technologies IPO will open on Wednesday this week and it will remain open for bidders till Friday this week. The Tata group company has fixed Tata Technologies IPO price at ₹475 to ₹500 apiece levels.


Meanwhile, grey market has remained steady on Tata Technologies IPO. According to market observers, shares of Tata Technologies Ltd are available at a premium of ₹352 in grey market today.


Tata Technologies IPO GMP today

Market observers said that Tata Technologies IPO grey market premium (GMP) today is ₹352, which is almost unchanged as it is ₹17 lower from its weekend GMP of ₹369 per share. Market observers said that ₹17 dip should not be a worry for investors as Tata Technologies IPO GMP is still near 70 per cent of Tata Technologies IPO price band of ₹475 to ₹500. They said that Tata Technologies IPO date of subscription opening is fast approaching and stock market mood was also down on Friday. So, this ₹17 dip is comparatively good for the book build issue.


Market observers maintained that Tata Technologies IPO GMP today signals strong response from investors as 70 per cent premium is something that everybody would like to have in one's portfolio. However, they cautioned that probability of share allocation may go down if the Tata Technologies IPO subscription status remains high during Tata Technologies IPO date of subscription, which has been already announced from 22nd November to 24th November 2023.


However, stock market experts maintained that GMP is non regulated and completely speculative. They said that grey market has no connect with financials of the company and hence it is not a reliable data to decide an important decision like investing in the IPO. They advised investors to scan balance sheet of the company as it will give concrete fundamental picture of the company.


Tata Technologies IPO details

A bidder will be able to apply in lots and one lot will comprise 30 Tata Technologies shares. In the wake of T+3 schedule, Tata Technologies IPO allotment date is most likely on 27th or 28th November 2023 whereas Tata Technologies IPO listing date may fall on 29th November 2023.

Nifty Round Up For 20 Nov,2023

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Share Market Closing Note


Benchmark indices ended lower for the second consecutive session on November 20 with Nifty around 19,700.


At close, the Sensex was down 139.58 points or 0.21 percent at 65,655.15, and the Nifty was down 37.80 points or 0.19 percent at 19,694. About 1784 shares advanced, 1864 shares declined, and 146 shares unchanged.


Top losers on the Nifty included Adani Enterprises, M&M, Bajaj Finance, SBI Life Insurance and UltraTech Cement, while gainers were Divis Labs, Bharti Airtel, HCL Technologies, Wipro and ONGC.


On the sectoral front, Information Technology index up 0.6 percent and healthcare index up 0.3 percent, while selling is seen in the metal, auto, capital goods, FMCG, realty names.


BSE midcap index ended flat, while smallcap index rose 0.4 percent.


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Topic :- Time:3.00 PM


Nifty spot if manages to trade and close above 19780 level then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can further be seen in the market.


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Topic :- Time:2.45 PM


Just In:

Jio Financial Services in talks for maiden bond issue


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6383. If it holds above 6365 level then expect it to test 6440-6460 levels quite soon however once it breaks and trade below 6365 level then some decline can be seen in it.


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Topic :- Time:2.00 PM


Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 19720 level then expect some upmove in the market and if it breaks and trade below 19680 level then some decline can be seen following in the Nifty.


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Topic :- Time:1.45 PM


Just In:

BSE MidCap and SmallCap hit fresh record highs, gain up to 38% in CY23 so far


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 72847. If it holds above 72500 level then expect some good upmove in it and if it breaks and trade below 72500 level then some decline can be seen in it. Watch out for 72500 in Silver.


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Topic :- Time:1.00 PM


Nifty spot is trading at 19685. If it manages to trade and sustain above 19700 level then expect some upmove in the market and if it breaks and trade below 19660 level then some decline can be seen in the Nifty.


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Topic :- Time:12.50 PM


Just In:

Argentina will not join BRICS, said Diana Mondino, a candidate for the post of head of the countrys Foreign Ministry, after the presidential elections.


We donot understand what the benefit is for Argentina at the moment. If it later turns out that there is a benefit, we will analyze it, she said.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 714.10. If it manages to trade and sustain above 714.80 level then expect some quick upmove in it and if it breaks and trade below 712.60 level then some decline can be seen in it.


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Topic :- Time:12.00 PM


Nifty is trading in a range now and is getting ready for good moves. Nifty spot if manages to trade and sustain above 19700 level then expect some upmove in the market and if it breaks and trade below 19640 level then some decline can be seen in the market.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Nifty below 19,700, Sensex down 200 pts; M&M, Bajaj twins top losers

2. NSE logs 7.67 million share trades in Oct, domestic investors pick up the bulk

3. RBIs risk weight norm will not affect our business: ESAF SFB MD and CEO

4. Nykaa shares extend rally with 5% gains to scale 11-month high

5. Cipla faces US FDA warning over manufacturing practices at Indore plant

6. Union Bank of India appoints Avinash Vasant Prabhu as CFO on a 3-year term

7. Bharti Airtel trades lower, receives DoT penalty for subscriber verification norms violation

8. Altman will not return to OpenAI, ex-Twitch boss Shear to be interim CEO

9. Laptop, tablet imports surge 42% to $715 million amid licensing fears

10. Penal amount hike on the cards as RBI likely to revamp framework


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Topic :- Time:11.25 AM


Just In:

Bonus Shares Alert: Newgen Software board to meet on November 27 to mull issue


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Topic :- Time:11.00 AM


After flat opening nifty is now trading in negative zone. Nifty spot if manages to trade and sustain above 19700 level then expect some upmove in the market and if it breaks and trade below 19640 level then some decline can follow in the market.


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 20 Nov,2023: 


Big TATA TECH IPO to open. Its a must apply IPO.


Nifty is likely to turn volatile as the day progresses. Global cues to act as trend deciding factor. Nifty spot if manages to trade and sustain above 19780 level then expect some upmove in the market and if it breaks and trade below 19680 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.


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