Tata Technologies IPO: A momentous morning unfolded for subscribers of Tata Technologies initial public offering (IPO) as the Tata Group company marked its stock market debut with an impressive 140 per cent premium over its issue price.Widely anticipated, the IPO of Tata Technologies, the first from the Tata Group in two decades, garnered significant attention from investors. With Tata Consultancy Services being the last group entity to go public in 2004, the spotlight was on Tata Technologies IPO.Stellar Market PerformanceListed on Indian stock exchanges at Rs 1,200, a remarkable surge from its issue price of Rs 500, Tata Technologies stock further rose to trade at Rs 1,307 at 10.24 am. The robust investor interest was evident with over 73.38 lakh total applications, and the public offer being subscribed 69.43 times. The qualified institutional buyers (QIBs) quota saw an overwhelming demand, booked 203.41 times.Positive Sentiments Post ListingShivani Nyati, Head of Wealth at Swastika Investmart Ltd, expressed optimism after the listing, stating, This robust investor interest reflects the companys strong fundamentals and promising growth prospects and of course the legacy of the Tata group. Nyati encouraged IPO participants to consider holding onto their shares for the long term, emphasizing Tata Technologies position for sustained growth.Gandhar Oil Refinery India Limiteds Market DebutIn a parallel development, Gandhar Oil Refinery India Limited also made its stock market debut, listing on the BSE and NSE at Rs 298 per share, a remarkable 76 per cent higher than its IPO price of Rs 169.Gandhar Oil Refinerys Strong IPO ResponseWith its IPO subscribed 64.05 times, Gandhar Oil Refinery India Limited witnessed a robust investor response. Nyati attributed this enthusiasm to factors such as the companys impressive growth and profitability track record, diversified customer portfolio, and a robust distribution network.Future Outlook and Profit Booking ConsiderationsNyati concluded, The listing of Gandhar Oil Refinery India Limited was a success. The companys strong fundamentals, robust demand for the IPO, and strong listing price suggest that the company is well-positioned for growth in the future. However, investors may consider booking profit in it once.Stay tuned for updates on these remarkable market debuts shaping the trajectory of Tata Technologies and Gandhar Oil Refinery India Limited.(With ANI Inputs)
