An early Christmas for Tata Tech shareholders; stock lists at 140% premium at ₹1,200
Post listing, Tata Technologies shares gained 180% over the IPO price to ₹1,400 apiece, while the market capitalisation surged to ₹56,555 crore.
Post listing, Tata Technologies shares gained 180% over the IPO price to ₹1,400 apiece, while the market capitalisation surged to ₹56,555 crore.
Tata Motors stock surged 62.09% in the past year, and 80.38% in the year-to-date period
The IPO of Tata Tech was booked 69.43 times, followed by 64.07 times by Gandhar Oil; the issues of IREDA, Flair, and Fedbank were subscribed 38.8 times, 46.8 times, and 2.2 times, respectively
Collectively, these five IPOs will raise ₹7,300 cr, one of the highest funds raised in a week this year
Tata Tech IPO was subscribed 1.93 times by 11:27 am; the quota for retail investors, NIIs and QIBs were booked 1.68 times, 2.78 times and 1.98 times, respectively.
Tata Technologies to allocate 1.58 crore shares to 67 anchor investors at ₹500 apiece, which saw participation from 17 domestic mutual funds.
Tata Tech trades at 70% premium in grey market; co to fetch around ₹3,042.5 cr at upper price band
Tata Technologies IPO opens on November 22 and closes on Nov 24; lot size fixed at 30 equity share
Company reserves up to 10% of the offer for Tata Motors shareholders; price band to be decided soon
Addendum filed with SEBI says up to 0.50% of post-offer paid-up equity share capital reserved for employees and 10% for Tata Motors shareholders