Tata Technologies IPO Opens Today: All You Need To Know Price, Lot, GMP
Tata Technologies operates in the ER&D segment, which is expected to grow at a compounded annual rate of 10% to reach $2.7 trillion over the next five years
Stay updated with breaking news from Engineering Research. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tata Technologies operates in the ER&D segment, which is expected to grow at a compounded annual rate of 10% to reach $2.7 trillion over the next five years
At 10:42 am, the Rs 3,042 crore IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.
Tata Technologies, specializing in ER&D, delivers engineering and digital transformation services with a strong focus on the automotive industry. Leveraging extensive domain knowledge, it collaborates with major spenders in this sector.
Tata Investment Corporation has an opportunity of value unlocking from Tata Technologies IPO, according to analysts.
Axis Securities has chosen some select quality stocks as for this Diwali or Samvat 2080, on fundamental parameters.