Tata Technologies IPO allotment: Here's how to check your status and latest GMP

Investors eagerly awaiting the Tata Technologies IPO allotment status can mark November 28 on their calendars as the likely finalisation date. With the Rs 3,042.51 crore IPO receiving an overwhelming response during its subscription period from November 22 to 24, here's a guide on how to check the allotment status and the latest Grey Market Premium (GMP).

The IPO, priced in the range of Rs 475-500 per share, witnessed a subscription of 69.43 times, with bids pouring in for 312.64 crore equity shares against the offer of 4.5 crore shares. Qualified institutional bidders (QIBs) dominated the subscription, booking 203.41 times their allotted portion, followed by non-institutional investors (NII) at 62.11 times and retail investors at 16.5 times. The IPO is entirely an offer for sale (OFS) of 6.09 crore equity shares.

Listing and allotment details

Tata Technology shares are expected to be listed on November 30. The basis of allotment is likely to be finalized by November 28, enabling investors to check their allotment status soon after. The equity shares are anticipated to be credited to successful investors' demat accounts by November 29.

How to Check Allotment Status

BSE Website

• Visit the BSE website.
• Select ‘Equity’ and choose the issue name.
• Enter your application number and PAN card number.
• Click on the "Search" button.

Registrar website (Link Intime)

• Visit the Link Intime website.
• Click on ‘Company Selection’ and select the IPO name.
• Enter PAN, application number, DP/Client ID, or account number/IFSC.
• Click on ‘Search’.
• Ensure that the details are entered correctly, and the status will appear after allotment.

Tata Technologies IPO GMP

As of today, the Grey Market Premium (GMP) for Tata Technologies IPO stands at Rs 414, remaining consistent from the previous day. The GMP surged from Rs 340 before the IPO's opening on November 21, indicating a bullish sentiment in the unlisted market. Today's GMP suggests that Tata Technologies shares may be listed at a premium of 83 percent, at Rs 914.

It's essential to note that GMP is a dynamic indicator subject to change in the unlisted market.