Page 25 - Tata Tech News Today

The current financial year 2023 witnessed a robut growth of Initial Public Offerings in the stock market. For the second half of FY24, around 28 IPOs are scheduled to launch in the market

Tata Tech IPO: The company is likely to offer 9.57 crore shares in its planned IPO.

The last IPO of Tata Group, TCS, has created immense wealth for the investors, delivering compounding multibagger returns to the investors. It is among the top two most valued companies of Dalal Street.

Tata Technologies IPO: This allocation, as per a board resolution on September 6, will include up to 0.5% of post-offer equity for employees and up to 10% for Tata Motors Ltd shareholders, with shares distributed proportionally.

Tata Tech IPO: Tata Motors shareholders to get 10% quota for allocation of shares. Firm to offer 9.57 crore shares in public listing

Tata Technologies IPO: It is after 19 years that a Tata Group company is going to list at the stock market.

Ideaforge Technology has turned out to be the first IPO to get subscriptions more than 100 times in 18 months. Qualified institutional investors (QIIs) were at the forefront as their reserved portion was booked 125.81 times. The drone maker may be enjoying the first-mover advantage from the drone-making industry, said experts.

Multibagger stock: Tata Motors stock hit an all-time high of Rs 589.15 in the current session against the previous close of Rs 573.05 on BSE. The auto stock has surged 48% this year and has zoomed 478% in three years.

Tata Technologies IPO: Upon listing, Tata Technologies will join other 28 listed Tata group companies that command a combined market capitalisation of Rs 22.23 lakh crore as on Monday's closing.

​​Tata Tech had filed IPO papers with Sebi in March. The issue is completely an offer for sale (OFS), under which the selling shareholders will offload up to 9.57 crore units representing 23.60% of its paid-up share capital.