Tata Technologies IPO is probably the most anticipated IPO of the year, and a lot of it has to do with the fact that it is the first Tata Group company to go public in nearly two decades. The last Tata Group company IPO was back in 2004 when Tata Consultancy Services made its debut at the bourses on August 25, 2004. So, if you had invested ₹10,000 in the IT giant back then, what would have happened?

The Investment: On August 25, 2004, if you had put ₹10,000 into TCS at ₹87.5 per share, you could have acquired approximately 114 shares. Fast forward to November 22, 2023, those same shares would now be worth an astonishing ₹4.01 lakh at ₹3,500 per share. This translates to an increase of around 3911.71% on your initial investment.

See Also: Tata Technologies IPO Already Over-Subscribed

Background: The TCS IPO was opened in July 2004. The issue price for the IPO was ₹850 (unadjusted), and the lot size was 7 shares. The IPO saw Qualified Institutional Buyers (QIB) over subscribing by 7 times. Non-Institutional Investors (NII) section saw subscriptions by 19.21 times. The retail investor section saw a subscription rate of 2.91 times.

TCS made its debut on the stock market at a listing price of ₹1,076 per share (unadjusted). This marked a premium of 26% over the issue price, which was set at Rs 850 per share.

The TCS share price was under a little pressure today after the firm said it would take a hit from a lawsuit over intellectual property in the US.

Price Action: TCS’s share price was trading 0.100% higher at ₹3,513.70 on Wednesday afternoon.

Read Next: Tata Technologies Share Price: Should You Buy Its IPO?

Editor’s Note: The prices have been adjusted for dividends, stock splits and bonuses.

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.