Tata Technologies' impressive performance for its Rs 3,034-crore initial public offering (IPO) has sent positive ripples through Dalal Street. The IPO garnered an overwhelming response, oversubscribed by an impressive 69.43 times.
According to NSE data, bids for Tata Technologies' IPO reached 3,12,64,91,040 shares, far exceeding the 4,50,29,207 shares on offer. This marks a significant milestone as Tata Technologies became the first company from the Tata Group to launch an IPO in almost two decades, with Tata Consultancy Services being the last to do so in 2004.
The Qualified Institutional Buyers (QIB) emerged as the leading bidders, subscribing to the portion by an impressive 203.41 times. Following closely were non-institutional investors (NII) with a subscription rate of 62.11 times. Retail individual investors (RII) subscribed 16.50 times.
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As Tata Technologies is expected to get listed on domestic stock exchanges in the first week of December, here's a guide on how investors can check their allotment status-
To check the Tata Technologies IPO allotment status on BSE, investors can follow a step-by-step process. In the investors section of the BSE website, click on 'Status of Issue Application' (Link: https://www.bseindia.com/investors/appli_check.aspx). Then, select the issue type, either Equity or Debt. Proceed by choosing the IPO name 'Tata Technologies' from the drop-down menu on the Issue Name. Enter the details of either the Application Number or PAN card. After selecting the captcha mode, click on 'Search' to retrieve the allotment status.
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To verify the allotment status on NSE, investors should access the exchange's website at the provided link (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids). A one-time registration is required, wherein investors must furnish their PAN details. Upon successful registration, investors can review bid details associated with the registered PAN number. Subsequent to registration, investors will receive an email notification from NSE at the registered email address, containing login details for future access.
