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"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing

An interesting trend that was observed in the IPOs that came this year is that the fresh issue as a percentage of total issue size is at 48% which is highest in the last 8 years, according to Edelweiss Mutual Fund.

The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.

Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better off investing after the dust settles down post-debut in the secondary market.

"If you’ve got the time, the drive, and the right psychological makeup, you can enter the elite realm of the successful trader," he wrote in a report.

“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.

Prices at the key NYMEX futures platform currently traded at a one-month low. However, it has been broadly choppy inside the $3.6 - 2 MMBtu levels throughout this year.

Analysts said the strong response for the IPO was due to attractive valuations compared to peers and Tata lineage, which enjoys strong brand value.

In addition, the SME should have a positive operating profit for at least any two out of three financial years and have a positive profit after tax (PAT) in the immediate financial year of making the migration application to the bourse.

​​Indian retail investors, especially after the Covid pandemic, have changed their investment approach. There has been a significant bolstering of retail investors’ holdings in largecap and high-quality midcap stocks. This is underscored by shareholding data over the past few quarters.