TBO Tek's IPO Debut: Experts Foresee Potential 50% Listing Gain for Allottees
TBO Tek's IPO debuted today on the BSE and NSE amid high anticipation, promising a strong start for investors. The pre-listing excitement was fueled by overwhelming interest during the IPO window, with retail and non-institutional investors bidding 25.74 and 50.60 times the offer size, respectively. The Grey Market Premium (GMP) soared to ₹456, hinting at potential gains of up to 50% for allottees. Stock market experts also echoed optimism, predicting a listing price range of ₹365 to ₹380 per share. However, it's crucial to note that these projections are speculative, and actual gains may vary. Investors should exercise caution and conduct thorough research. TBO Tek's listing signifies a significant milestone, with its future growth trajectory eagerly anticipated.