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Tata Technologies made a blockbuster debut on the stock markets today, listing at an impressive premium of 140% over its IPO price of Rs 500 per share. ​​​This and more in todays ETtech Top 5.

Tata Technologies and Gandhar Oil Refinery stocks made a bumper debut while Fedbank Financial Services stock opened at a discount on November 30

3 IPOs Blockbuster, 1 Muted: How 4 IPO Listings Did Today, What Should Investors Do Now? Among the 4 IPOs that were listed today, Fedbank Financial Services IPO was the only disappointing debut on the stock markets

At a 140% premium over the issue price of Rs 500, Tata Technologies listing price of Rs 1,200 beat Streets estimates. While the stock was expected to double on the listing, it went far beyond, hitting the days high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band.

Shares of Tata Technologies Ltd were listed a premium of 140 per cent on both NSE and BSE at price of Rs 1,200 and Rs 1,199.95 on Thursday, against the issue price of Rs 500.

Several analysts recommend holding the stock for the medium to long term due to the state-run company’s strong fundamentals and growth potential

Nifty 50 index concluded with 0.18 per cent gains to 20,133 and the Sensex settled with 0.13 per cent gains at 66,988, , stock market, nifty, sensex, IPO launch, national stock exchange, retail investors, stock prices, Tata Technologies, ireda, Gandhar Oil Refinery (India), Fedfina

The stock opened at Rs 1,200 on the National Stock Exchange, higher by 140 percent over the issue price of Rs 500 per share and touched a record high of Rs 1,400 in initial trade

It is important to note that grey market premiums are just an indicator of how the companys shares are stacked up in the unlisted market and are subject to change rapidly.

Tata Technologies IPO | According to experts, the listing premium may be around 75-80 percent over the issue price of Rs 500 per share.