4 IPO Listings Today: Check GMP Of Tata Technologies, Gandhar Oil Refinery, Rockingdeals, Fedbank

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IPO Listings Today: Check GMP of Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO, and Rockingdeals Deals Circular NSE SME IPO.

Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO, and Rockingdeals Deals Circular NSE SME IPO are going to be listed on bourses today

IPO Listings Today: Shares of Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services are going to be listed on the BSE and NSE on Thursday, November 30. Apart from these, the Rockingdeals Circular SME IPO is also going to be listed on the NSE SME today.

Going by the latest GMP, Tata Technologies IPO listing is expected to be the strongest among other IPOs that are going to be listed today.

The Tata Technologies IPO’s GMP or grey market premium currently stands at Rs 433, which indicates nearly 87 per cent listing gains as against its issue price of Rs 500. Tata Tech GMP is followed by Rocking Deals Circular’s GMP of 64.29 per cent, Gandhar Oil Refinery (43.20 per cent), Flair Writing IPO (29.61 per cent), and Fedbank Financial Services (zero).

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price. It also indicates how much gains investors are going to make on the listing day. The GMP is based on market sentiments and keeps changing.

Generally, given the solid overall market sentiments and stellar IREDA IPO listing on Wednesday, the 3 stock market debuts are expected to be strong except Fedbank Financial Services. Fedbank IPO’s GMP is currently zero, suggesting no listing gains as of now.

Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO, and Rockingdeals Deals Circular NSE SME IPO are going to be listed on Thursday, November 30. However, Flair Writing Industries IPO is going to be listed on Friday, December 1.

IPO Listings Today and Their Subscriptions

Tata Technologies IPO, which was opened for public subscription between November 22 and November 24, received a whopping 69.43 times subscription. The price range for the offer stood at Rs 475-500 a share, which was finalised at Rs 500.

Gandhar Oil Refinery IPO, which was opened for public subscription between November 22 and November 24, received a strong 65.63 times subscription. The price range for the offer stood at Rs 160-169 a share.

Fedbank Financial Services IPO, which was opened for public subscription between November 22 and November 24, received a 2.24 times subscription. The price range for the offer stood at Rs 133-140 a share.

Rocking Deals Circular IPO, which was opened for public subscription between November 22 and November 24, received a whopping 312.64 times subscription. The SME price for the offer was fixed at Rs 140 a share.

Meanwhile, Flair Writing IPO, which was opened for public subscription between November 22 and November 24, received a 49.28 times subscription. The price range for the offer stood at Rs 288-304 a share. Its listing is likely to take place on December 1.

Also, on Wednesday, shares of state-owned Indian Renewable Energy Development Agency (IREDA) made a stellar stock market debut on bourses. On the BSE and NSE, the shares listed at an impressive Rs 50 per share, a premium of 56 per cent over its IPO price of Rs 32.

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