Here we will be providing information on Tata Technologies IPO GMP Today, Listing Date, Subscription Status And Other Details through this article.
Tata Technologies IPO Price
TTL’s IPO is a pure offer for sale (OFS) of 95.71 million shares by the existing promoters and shareholders. The issue is expected to be priced in the range of ₹280-₹285 per share. The IPO is scheduled to open on September 12, 2023 and close on September 14, 2023.
Tata Technologies IPO Overview
Here are some additional things to keep in mind before investing in the TTL IPO:
- The indicative price band for the IPO has not yet been announced.
- The IPO is scheduled to open on September 12, 2023 and close on September 14, 2023.
- The minimum investment amount is ₹2800.
- You can apply for the IPO online through a broker.
Tata Technologies Business Information
TTL is a well-established company with a strong track record of performance. It has a diversified global presence and a marquee set of clients. The company is also well-positioned to benefit from the growth of the automotive and mobility industry.
Tata Technologies Limited (TTL) is a subsidiary of Tata Motors Limited, one of the largest automotive companies in India. TTL is a global engineering and technology solutions provider to the automotive and mobility industry. It offers a wide range of services, including product design, development, manufacturing, and testing, as well as digital solutions.
Here are some of the key strengths of TTL:
- Strong track record of performance: TTL has been profitable for the past 10 years. In FY22, the company reported a net profit of ₹1,074 crore.
- Diversified global presence: TTL has a presence in over 30 countries and has a customer base of over 500 OEMs and tier-1 suppliers.
- Marquee’s set of clients: TTL’s clients include some of the biggest names in the automotive industry, such as Tata Motors, Ford, General Motors, and Volvo.
- Well-positioned to benefit from the growth of the automotive and mobility industry: The automotive and mobility industry is expected to grow at a CAGR of 7%-8% in the next few years. TTL is well-positioned to benefit from this growth, given its expertise in product development, manufacturing, and digital solutions.
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Tata Technologies IPO Review
The IPO is expected to be well-received by investors, given the strong fundamentals of the company and the positive outlook for the automotive and mobility industry. However, it is important to do your own research before investing in any IPO.
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Tata Technologies IPO GMP Today
The grey market premium (GMP) for Tata Technologies IPO GMP Today is ₹100 as of today, August 22, 2023. This means that the Tata Technologies IPO GMP Today are trading in the grey market at a premium of ₹100 per share over the expected issue price. The expected issue price of the IPO is yet to be announced by the company.
The GMP is an indication of the demand for the IPO and the investors’ willingness to pay a premium for the shares. A high GMP is usually seen as a positive sign for the IPO. However, it is important to note that the GMP is not a guarantee of the success of the IPO. The final issue price will be determined by the company and the bookrunners.
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Investment Disclaimer
Overall, the TTL IPO is a good opportunity to invest in a well-established company with a strong track record of performance. However, investors should carefully consider the risks before investing.For more detailed information about Tata Technologies IPO GMP Today, Listing Date, Subscription Status and other stock market companies visit NSE official website.