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Everything You need to know about Tata Technologies

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Synopsis:

With the announcement of Tata Technologies IPO, the company aims to raise funds while empowering investors with a source of wealth creation in the long run. IPO allotment is an important aspect and investors must check the allotment status to plan their investment strategies and beyond.

Tata Technologies, founded in 1989, is a multinational engineering company that carries the legacy of the popular Tata Group. Ever since its establishment, the company has been providing manufacturing and product solutions to a variety of industries. The major industries where Tata Technologies is involved are Industrial Heavy Machinery, Aerospace Industry, Automotive Industry, and Education Industry. 

Tata Technologies IPO opened on 22nd November 2023 and closed on 24th November 2023. The company planned on using the IPO funds for the repayment of debts and its technological advancement. The IPO price band was finalised at ₹475 - ₹500 a share. Looking for more details on Tata Technologies IPO? Continue reading as we delve deep into its allotment process, prerequisites, and other crucial information.

Understanding the IPO Allotment Process

  • Before going any further on the IPO Allotment procedure, let's start with understanding IPO. IPO also called Initial Public Offering is when a private company announces to be open to offer its shares to the public. 

  • Once the company, here Tata Technologies announced its IPO, the bidding window remained open from Nov 22 - Nov 24, 2023. Investors submit their applications during this period which affects the IPO Allotment. 

  • The share allocation goes per the rules of SEBI. SEBI categorises the investors into 3 categories: QIB, Non-Institutional Investors and Retail investors. 

  • The allotment procedure starts with the company announcing their equity shares into lot division². The Tata Technologies IPO allotment announced its minimum lot size to be 30 shares and minimum investment for retail investors and NII to be ₹15,000 and ₹210, 000 respectively. 

Importance of Checking IPO allotment status

Once you're done applying in the Tata Technologies IPO allotment procedure, your next step shall be monitoring your allotment status. Now, checking your Tata Technologies allotment status is important and can help you in several ways. Let's understand how. 

  • In Planning Your Investment 

    The Tata Technologies allotment status will be the key information telling you if your bidding was successful or not. Thus, once you know your allotment status and if you have any shares, you can use this information to plan your investment accordingly. For example, do you want to hold the Tata Technologies shares or simply sell them? 

  • Managing Your Funds

    Once you check your allotment status and know whether you received any shares or not, you can manage your finances accordingly. For example, in case of not receiving any shares from Tata IPO allotment, your blocked funds are credited back to your account which can be used for future investments. 

  • Market Engagement

    Your Tata Technologies IPO allotment status also gives you key information on market trends and allotment behaviour. So, you can actively engage in the share market. 

Prerequisites for Checking IPO Allotment Status

To check your IPO allotment status without any hassle, consider having these documents or details handy. 

  • PAN card

  • DP Client ID or Demat Account number

  • Application number 

Also, once you check your allotment status, consider taking a screenshot of the same for future purposes. 

Methods to Check Tata Technologies Allotment Status

To check your Tata Technologies IPO allotment status, you may use several methods. These include: 

  • Checking your allotment status on BSE. 

  • Checking your allotment status on NSE.

  • Checking your allotment status on the IPO registrar’s website of Tata Technologies, which is Link Intime India Private Ltd.

Step-by-Step Guide for Each Method

As mentioned, you can check your Tata Technologies allotment status using several methods. Let's understand how to check your status using each of those methods. 

  1. Checking Your Allotment on BSE

    • Consider visiting the BSE website and click on the link given below:

      https://www.bseindia.com/investors/appli_check.aspx

    • Upon successful opening of the page, consider following these steps:

    • Select ‘Equity’ under the ‘Issue type’

    • Select ‘ Tata Technologies’ under the ‘Issue name’

    • Now, fill in your PAN or application number. 

    • Verify you are not a robot by clicking on the ‘captcha’ button.

    • Click the submit button and get your allotment status.

  2. Checking Your Allotment on NSE

    • Consider visiting the NSE official website and consider on the link given below:

      https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

    • Now select the ‘sign up’ option and always consider registering yourself with PAN. 

    • Fill in all your important details like your name, password, and captcha. 

    • A new page will open and where you may check your allotment status.

  3. Checking your allotment status on the IPO registrar's website

    • Consider visiting the link given below to go to Tata Technologies IPO’s registrar website: https://linkintime.co.in/MIPO/Ipoallotment.html

    • Once the allocation is done, you will have the option to choose the IPO name in the dropbox. 

    • Now you may check your allotment status using any of the 4 options including the Application number, Demat account, PAN, or combination of your bank and IFSC code. 

    • Now, duly filled the information asked based on the option you selected in the previous step. 

    • Click ‘search’.

What to Do After Checking the Allotment Status

Once you check your Tata Technologies IPO allotment status, you can see whether you're allotted shares or not. Based on the same, you need to go ahead. 

  • In Case of Allotted Shares

If you have been allotted the Tata Technologies shares, the same will be credited to your demat account. Now, you can choose to hold, sell, or plan your shares following your investment plan and financial goals. 

  • In Case of Not Allocated Shares

In case you were not allotted the shares, don't worry, your funds will be credited back to your account soon. You may use the same for your other investment strategies and make a future investment plan. 

In Conclusion

In recent days, IPOs have been doing great and thus, have been an issue of interest for all kinds of investors. With a robust background, great financial performance, and suitable IPO valuation, Tata Technologies has made sure to make its IPOs an attractive investment opportunity. Further, you can improve the chances of your allotment by following simple strategies like- using several demat accounts bidding on the upper limit, and much more.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

How can I check the Tata Technologies IPO allotment status online?

Answer Field

You can check Tata Technologies IPO status online on the IPO registrar's website, or the website of BSE and NSE. 

What are the key dates for Tata Technologies ipo allotment?

Answer Field

Here are some key dates for Tata Technologies IPO allotment: 

  • Opening on: 22 Nov, 2023. 

  • Closed on: 24 Nov, 2023

  • Allotment Finalisation: 28 Nov, 2023.

What should I do if my Tata Technologies ipo allotment status shows not allotted?

Answer Field

If your Tata Technologies IPO allotment status shows ‘not allotted’, don't worry, you will receive your funds back in your account. Plan strategically to make better future investments.

Can I check the Tata Technologies ipo allotment status using my mobile phone?

Answer Field

Yes, it is possible to check your Tata Technologies IPO allotment status using a mobile phone. Simply follow and open the official website of BSE, NSE, or IPO registrar on your phone. where you want to check your allotment details.

Is there a fee to check the Tata Technologies IPO allotment status?

Answer Field

No, there is no fee to check the Tata Technologies IPO allotment status.

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