Sunny 65 65 38 Today 65 38 Tuesday 72 42 Wednesday 76 47 Latest Weathercast Interactive Radar Now 65 Tue 72 Wed 76 by BRANDON MCGOUIRK | WGXA News CRAFORD COUNTY, Ga. (WGXA) — Residents in the area of Moncrief Road and Highway 128 have been without water since the weekend due to what Crawford County Water Superintendent Bill Patton calls an "ongoing issue" that they have been fighting. "20 years ago, they put the water line in at the base of the creek. With erosion, the pipe's not three, four feet above the bottom of the creek, so we get five inches of rain, it just washes away, we put it back," said Patton. "We've got a plan in place, now, to just completely replace it with newer technology." He explained that the new pipe will be five or six feet below the creek bed permanently. In the meantime, mobile water tanks, also known as water buffalos, are available for residents to have access to non-potable water to use for cleaning, flushin
Tata Technologies share price makes blockbuster debut, stock lists at 140% premium at ₹1,200 on NSE | Mint - Mint
Tata Technologies share price made a strong debut on the bourses today. On NSE, Tata Technologies share price today was listed at ₹1,200 per share, 140% higher than the issue price of ₹500, and on the BSE, Tata Technologies shares were listed at ₹1,199.95 apiece.
Market analysts projected a huge premium on the back of market optimism, which further contributed to the public issue’s benefits. However, they continue to believe that there could be significant trading activity in the Tata Technologies share price post listing and that it might reach levels of ₹1,000 per share on the listing day itself.
Also Read: Tata Technologies IPO: GMP jumps. Shares may hit four-digit on listing date
Tata Technologies IPO opened for subscription on Wednesday, November 22, and closed on Friday, November 24. Tata Technologies IPO price band was fixed in the range of ₹475 to ₹500 per equity share of face value of ₹2. Tata Technologies IPO lot size was 30 equity shares and in multiples of 30 equity shares thereafter. Tata Technologies IPO allotment was finalised on Wednesday, November 29.
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Tata Tech IPO details
At the upper end of the price band, Tata Tech IPO is expected to raise ₹3,042.51 crore. This IPO is an Offer For Sale (OFS) of up to 60,850,278 equity shares for cash, comprising of an offer for up to 46,275,000 equity shares by the company; up to 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd.; and up to 4,858,425 equity shares by Tata Capital Growth Fund I, each representing up to 11.41%, 2.40%, and 1.20%, respectively of the paid-up equity share capital of Tata Technologies Limited, said the company in an exchange filing on November 13.
Also Read: Tata Technologies Share Price Live Updates: Tata Tech shares to get listed at 10 am; analysts expect blockbuster debut
The objective of the offer is to fulfil the selling shareholders’ offer to sell up to 60,850,278 equity shares and to reap the benefits of listing the equity shares on stock exchanges. In addition, the company anticipates that the proposed listing of its equity shares will improve its brand recognition and visibility and open up an Indian public market for the equity shares, as per RHP.
Tata Tech IPO’s book running lead managers (BRLM) are JM Financial Limited, Citigroup Global Markets India Private Limited, and Bofa Securities India Limited. The issue’s registrar is Link Intime India Private Ltd.
Tata Technologies IPO subscription
Tata Tech IPO was subscribed 69.43 times on the final day of bidding on November 24. The retail investors portion was subscribed 16.50 times, the NII portion was subscribed 62.11 times, and the Qualified Institutional Buyers (QIB) portion was booked 203.41 times. The employee portion was subscribed 3.70 times, Portion reserved for the shareholder was booked 29.19 times.
Tata Technologies IPO received bids for 3,12,64,91,340 shares against 4,50,29,207 shares on offer, according to data from the BSE.
Tata Technologies IPO subscription status on Day 2 was 14.85 times, and Tata Tech IPO subscription status on Day 1 was 6.55 times.
Also Read: Tata Technologies IPO LIVE Updates Day 3: Issue subscribed over 69 times; retail portion booked 16.50x on last day
Tata Technologies IPO GMP today
Tata Tech IPO GMP today or grey market premium, is +400. This indicates Tata Technologies share price now is trading at a premium of ₹400 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Tech share price is indicated at ₹900 apiece, which is 80% higher than the IPO price of ₹500.
Based on last 45 sessions grey market activities, today IPO GMP points upward and indicated a strong listing. The lowest GMP is ₹240, while the highest GMP is ₹425, according to analysts of investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Also Read: Tata Tech IPO, Gandhar Oil IPO, and Fedbank IPO to list tomorrow; here’s what GMP trend indicates ahead of listing
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
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