Ratan Tata is another name of faith in the country. After about 20 years, the IPO of a Tata Group company has come. As soon as it arrived, there was a stir in the market. Tata Tech is getting so much love in the name of Ratan Tata. Any other company would have got the same amount. The special thing is that people have put one lakh crore rupees at stake on this IPO. Now it’s a matter of luck as to who gets how many shares. Let us tell you that today is the last day of Tata Tech’s IPO. At 4:57 pm, the company’s IPO has been subscribed almost 70 times. Let us also tell you what is the current status of Tata IPO.
one lakh crore bet
Tata Tech’s IPO is Rs 3000 crore. Whereas people have invested a lot of money on this IPO. Investors have staked more than Rs 1 lakh crore for the IPO of Rs 3,000 crore. The issue price of this IPO is Rs 485 to Rs 500. Today is the last day of subscription. Due to the huge demand for this IPO, bids worth Rs 66000 crore have been made by institutional investors. This means that the company has received maximum subscription in IPO from QIB. He has subscribed 203 times.
More than 80 percent premium
The way the IPO of this company has proved to be a blockbuster. In the same way, the listing of the company can also cause a blast. If experts are to be believed, the company’s shares may be priced at a premium of more than 80 percent. If this happens then the shares of the company are likely to exceed Rs 900 during listing. Which can be said to be quite wonderful. However, the demand for shares of this company is the highest among non-listing companies. The gray market premium is said to be more than Rs 900. According to experts, the company’s shares can be listed even at Rs 1000. Investors were waiting for the shares of this company for a long time.
Good response in all except Fedbank
Apart from Tata, IPOs of other companies have also come. Which seems to be getting good response, except one and that is Fedbank Finance. Otherwise, all the other four IPOs have received good response. The total subscription for Tata Technologies so far is about 70 times. The IREDA IPO, which closed yesterday, saw 39 times subscription. The public offer of Gandhar Oil was booked 64 times. Flair Writing has received 47 times more bids than the offer.
