Tata Tech IPO subscribed 8 times on day 2, retail portion over 7 times
The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.
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The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.
“I would buy real estate stocks if there is a small correction of about 5%, 10%. These are all high beta stocks. Interest rates have not really gone down. I am a little surprised that even at higher interest rates, these kinds of numbers are being delivered. So I want to have some exposure. But purely from a momentum perspective, on a dip.”
IREDA IPO| The offer a fresh comprise a fresh issue of 40.31 crore equity shares worth Rs 1,290.13 crore and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore by the government
Tata Technologies is raising a total of Rs 3,042.51 crore via its initial stake sale in the fixed price band of Rs 475-500 per share in the lot size of 30 equity shares.
Tata Technologies IPO Subscription status: Total bids for 39,83,81,160 shares received against available 4,50,29,207 shares, with a Grey Market Premium of +395.