How to Check Allotment- Tata Tech IPO
For accurate and up-to-date information, it's imperative to check the appropriate channels as IPO allotment methods may vary.
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For accurate and up-to-date information, it's imperative to check the appropriate channels as IPO allotment methods may vary.
Tata Technologies IPO | It is entirely an offer-for-sale (OFS) of 6.08 crore shares by the promoter Tata Motors, and investors Alpha TC Holdings and Tata Capital Growth Fund 1, while there is no fresh issue component.
“We have trimmed a little bit because the stocks ran up very quickly. So it is not that we have any fundamental negative view on it. And the RBI governor has been talking about potential stress which may come in the unsecured side and that means only in NBFCs where the unsecured lending book is higher.”
Tata Technologies raised Rs 791 crore from 67 investors through the anchor book as it allocated 1,58,21,071 equity shares at a price of Rs 500 per share.
“If you look at what Honasa has reported, in terms of profit growth and all, given the market cap, it is not anything great. And when you do an IPO etc., post that after fundraising, some improvements etc. will happen, but longer term sustainability is going to be a big issue, as we have seen with Nykaa also.”