Tata Technologies Lists At 140% Premium, Shares Hit ₹1,400 High

Tata Technologies listed at a premium of 140% at ₹1,199.95. At the time of writing, the Tata Technologies share price was up over 16% (from listing price) to hit a new high of ₹1,400.

The ₹3,042.51 crore Tata Technologies IPO was open for subscription from November 22 to November 24, with a price band set at ₹475-500 per share. The offer price was set at ₹500

The Tata Technologies IPO marked a significant milestone as it represented the Tata Group’s first public offering in over 19 years. The IPO generated substantial interest from investors, being oversubscribed by a remarkable 69.43 times. The total bids received amounted to 312.64 crore equity shares, far exceeding the available 4.5 crore shares for subscription.

Within different investor categories, the qualified institutional bidders (QIBs) category witnessed the highest oversubscription, reaching 203.41 times. Other categories also demonstrated strong interest, with the non-institutional investors’ (NII) category oversubscribed at 62.11 times, retail investors’ quota at 16.5 times, and the employees’ portion at 3.7 times.

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