Page 30 - Tata Tech News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“In a situation where the overall market is not doing really well is, there could be a sense of follow-up buying coming up or follow up demand coming up on some of these names. Both IREDA and Tata Tech are quality companies in terms of businesses. Therefore, they would have a bit of a follow up demand coming in. But given the subscription that we have seen, a lot of demand will just evaporate on the IPO listing date.”

Tata Technologies’ public issue alone has garnered bids worth over Rs 1.5 lakh crore

India Business News: MUMBAI: In one of the busiest weeks for IPOs in years, Dalal Street will see five maiden public offerings, which aim to mobilise nearly Rs 7,400 crore.

“Now that the US markets have stabilized as have the debt markets and inflation seems to be coming under control, one could expect better prospects for all the technology companies – Tata Technologies, Tata Elxsi, TCS. Companies like Trent and Titan have been outliers. Other companies per se have done badly in the same group, but they continue to thrive pretty well.”

Fedbank is looking to raise Rs 1,092.26 crore through the offer, which comprises a fresh issuance of 4.29 crore shares worth Rs 600.77 crore and an offer-for-sale of 3.51 crore shares worth Rs 492.26 crore