1243259 SIP myths you must know!
Tata Technologies IPO allotment date is November 30, 2023. You can check your allotment status on this date on your broker's platform.
If you had held shares of Tata Motors or Tata Motors DVR on November 13, 2023, then, you are eligible for applying in the Tata Technologies IPO under the shareholder category as well apart from the retail category. Retail investors who are shareholders of any of the two Tata Group companies can apply for Tata Technologies IPO both under retail and shareholder categories. Such retail investors can apply twice in the IPO each under two different categories.
One can apply for the IPO from any platfrom. Here we are listing out the steps for applying on Zerodha.
Steps to apply under shareholder category with Zerodha:
1. Open Zerodha app
2. Log in to your demat account
3. Click on bids
4. Click on apply for Tata Tech IPO
5. Select investor type – shareholders
6. Enter price at which you want to bid for
7. Click on submit
Your money will get blocked in your linked bank account and not in your demat account.
Steps to apply under retail category with Zerodha:
1. Open Zerodha app
2. Log in to your demat account
3. Click on bids
4. Click on apply for Tata Tech IPO
5. Select investor type – retail
6. Enter price at which you want to bid for
7. Click on submit
Tata Motors employees can apply under three different categories. Apart from retail and shareholder categories, they can also apply under the employee category. For which at step number 5, one will have to select the employee category.
The allotment date is November 29, 2023. You can check your allotment status on this date. If you wouldn’t get the allotment of shares, then, refund process would initiate. But there is no guarantee that your bank will unblock blocked amount immidiately. Some banks take more time to unblock. While, other banks unfreeze blocked amount after the relevant IPO’s mandate ends, which in case of Tata Tech is December 9, 2023. So, non allottees may have to wait till December 9, or even after that before their blocked amount will be released by their banks.
Shares of the company will be listed on the exchange on November 30, 2023.
Here’s how retail investors can invest double the amount in Tata Tech IPO