TBO Tek IPO Listing Today: Experts Predict Up to 50% Gains

The TBO Tek IPO is set to begin trading today, May 15, 2024. According to the BSE website, TBO Tek Limited’s shares will be listed on both BSE and NSE under the ‘B’ group of stocks. There is a lot of excitement around this IPO, with experts and the grey market predicting strong gains. The current Grey Market Premium (GMP) for TBO Tek IPO is ₹456, suggesting an expected listing gain of about 50%.

Investor interest in the TBO Tek IPO has been very high, which bodes well for the company’s future. The stock market sentiment has also improved, boosting optimism for a significant listing gain. Experts predict that TBO Tek shares could list at around ₹1360 to ₹1400 per share.

Expected Listing Price

DK Mudaraddi, a research analyst at Stoxbox, is optimistic about the TBO Tek IPO. He expects a strong listing, with shares potentially opening at around ₹1,360 each, compared to the issue price of ₹920. This would represent a gain of about 48%.

Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, also expects a strong listing. He believes the issue is well-priced based on FY24 earnings and predicts the shares will list at around ₹1,380 to ₹1,400, offering a gain of around 50%.

Prashanth Tapse, Senior VP of Research at Mehta Equities, shares this positive outlook. He points to strong subscription demand, especially from institutional investors, and expects a listing gain of 40-50%, with the shares potentially listing at around ₹450 per share.

TBO Tek IPO GMP Today

Today’s GMP for the TBO Tek IPO is ₹456. This indicates that the grey market expects the listing price to be around ₹1376 (₹920 issue price + ₹456 GMP). Therefore, a listing gain of about 50% is anticipated for those who were allocated shares in the IPO.