Google trend - Tata Technologies IPO allotment status

Tata Technologies Limited is a global engineering and product development digital services company. In 2021, the company decided to go public and raise funds through an Initial Public Offering (IPO). An IPO is a process through which a company sells its shares to the public for the first time. The allotment status of an IPO refers to the process of allocating shares to investors who have applied for them.

The Tata Technologies IPO allotment status is determined through a computerized lottery system. Once the IPO subscription period is over, the company receives applications from various investors, including retail investors, non-institutional investors, and qualified institutional buyers. The allotment process begins after the closure of the subscription period.

The allotment status is usually available on the registrar's website or the stock exchange's website. Investors can check their allotment status by entering their application number, PAN (Permanent Account Number), or DP (Depository Participant) ID. The status will indicate whether the investor has been allotted shares or not.

The allotment process follows certain rules and regulations set by the Securities and Exchange Board of India (SEBI). The allotment is done on a proportionate basis, ensuring fair distribution of shares among the investors. The total number of shares available for allotment is divided by the total number of valid applications received to determine the allotment ratio.

Retail investors are given priority in the allotment process. SEBI has set a minimum allocation of 35% of the shares for retail individual investors (RIIs). If the number of shares applied by retail investors exceeds the 35% limit, then the allotment is done on a proportionate basis.

For example, if the total number of shares available for allotment is 1,00,000 and the total number of valid applications received is 10,000, then the allotment ratio is 1: This means that for every 10 shares applied, one share will be allotted. If a retail investor has applied for 100 shares, they will be allotted 10 shares.

Non-institutional investors and qualified institutional buyers have a separate quota for allotment. The allotment ratio for these categories may vary depending on the demand and availability of shares. These investors usually apply for a larger number of shares, and the allotment is done on a proportionate basis.

Once the allotment is completed, the shares are credited to the investor's demat account. The investor can then trade or hold the shares based on their investment strategy.

In case an investor is not allotted any shares, the refund of the application money is initiated. The refund process usually takes a few days, and the amount is credited to the investor's bank account.

In conclusion, the Tata Technologies IPO allotment status is the process of allocating shares to investors who have applied for them. The allotment is done on a proportionate basis, following SEBI regulations. Retail investors are given priority in the allotment process. The allotment status can be checked on the registrar's or stock exchange's website using the application number, PAN, or DP ID. The shares are credited to the investor's demat account, and the refund is initiated if no shares are allotted.