Tata Technologies IPO listing today: Check price band, GMP, subscription details

Tata Technologies is the first company from the Tata Group to float an IPO in nearly two decades.

Updated on: Nov 30, 2023, 10:57:33 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The initial public offering (IPO) of Tata Technologies, the first by a Tata Group entity in 20 years, will be listed on the stock markets on Thursday i.e November 30, 2023. As per a Bombay Stock Exchange notice, the shares of Tata Technologies will be listed in the pre-opening session of BSE and NSE today.

As the Tata Technologies IPO is set to be listed today, here are five things you should know about it.

1. Tata Technologies had opened its IPO for subscriptions from November 22 to 24. On the last day, the IPO was subscribed 69.43 times on the final day of subscription.

2. While the public issue had a price band of ₹475-500 per share, Tata Motors in a regulatory filing said that Tata Technologies has finalised an offer price including the anchor investor offer price, at ₹500 per equity share of face value of ₹2 each.

Tata Technologies' IPO was open for subscriptions from November 22 to 24.

3. Talking about its grey market premium (GMP), the shares of Tata Technologies were being traded at ₹425 in the grey market as of 6:03 am on Thursday.

4. The size of the IPO aggregates to ₹3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to ₹2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to ₹485.84 crore and 48.58 lakh equity shares by Tata Capital Growth Fund I, amounting to ₹242.92 crore, subject to finalisation of basis of allotment, PTI quoted the regulatory filing.

5. As mentioned earlier, Tata Technologies is the first company from the Tata Group to float an IPO in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Initial Public Offering

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator