IPOs: The Great Gamble
Most new scrips fail the resilience test. Investors need to learn value investing.
Most new scrips fail the resilience test. Investors need to learn value investing.
Post listing, Flair Writing Industries shares rose 69% to ₹514 on the BSE, while the market capitalisation climbed to ₹4,780 crore.
Public issue of Tata Motors' engineering arm receives records of 73.5 lakh applications; subscribed the most at 203.41 times under the QIB quota
Tata Tech IPO was subscribed 1.93 times by 11:27 am; the quota for retail investors, NIIs and QIBs were booked 1.68 times, 2.78 times and 1.98 times, respectively.
Tata Technologies to allocate 1.58 crore shares to 67 anchor investors at ₹500 apiece, which saw participation from 17 domestic mutual funds.
The stock has risen 160% in the last eight months to hit a new 52-week high of ₹4,521.90 intraday, rebounding from its 52-week low of ₹1,735 touched on March 31, 2023.
The IPOs of Tata Technologies, IREDA, Fedbank Financial Services, Flair Writing, and Gandhar Oil Refineray will open for subscription this week.
Tata Technologies IPO opens on November 22 and closes on Nov 24; lot size fixed at 30 equity share
Tata Motors share price has surged 60% in the calendar year 2023, on the back of recent rise in sales volume and turnaround in JLR numbers.
In March this year, Tata Technologies, a subsidiary of Tata Motors, had filed a draft document with SEBI to launch its IPO.