Page 21 - Tata Tech News Today

Tata Technologies IPO is just a few days away and the much-awaited primary offering by the Tata Groups has reservation for as many as five categories.

Tata Tech IPO offer gives investors an opportunity to invest in a leading global engineering services company with deep expertise in the automation industry focused on engineering research and development, Prashanth Tapse, Research Analyst, Senior Vice President Research at Mehta Equities said.

The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.

The much-awaited Tata Technologies IPO will open for subscription on November 22, with a price band of Rs 475-500 per share. It is planning to raise Rs 3,042.51 crore via issue of over six crore equity shares at the upper price band.

India Business News: Indian shares closed lower on Monday, with losses in auto and financial stocks weighing down the market. The NSE Nifty 50 index and the S&P BSE Sensex

Indian shares closed lower on Monday, weighed by losses in auto stocks after a rally last week, along with selling in financial stocks. The NSE Nifty ......

Two other major IPOs to look out for are Mini Ratna company Indian Renewable Energy Development Agency, and Fedbank Financial Services. As for the Nifty50, analysts expect the index to remain in a consolidation phase until it decisively breaches the 19,850 mark. On Friday, the index ended 0.2% down at 19,731.80 points.

Tata Group will go public with Tata Technologies IPO on November 22 which will be the conglomerates first public offering in 20 years.

“The pulling of the brake by the RBI on this unsecured lending by banks and other lending institutions is a welcome step.”

Protean eGov Technologies stock soared 43 percent from its IPO price, while ASK Automotive closed 10 percent higher