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The share allotment process for Tata Technologies' initial public offering (IPO), which closed on November 24, is likely to be finalised today
The allotment for the initial public offer (IPO) of Tata Technologies is likely to be finalised tomorrow, November 28. Investors can check their allotment status on the issue's registrar Link Intime India's website as well as on BSE.
Tata Technologies is a subsidiary of automobile major Tata Motors and is a manufacturing-focused Engineering Research & Development
Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LIC's record of 73.38 lakh applications in May 2022. Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008.
The Tata Group's much-awaited IPO opened for subscription on November 22, 2023, for three days.