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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, an arm of Tata Motors, collected Rs 791 crore from anchor investors.
The initial public offering of Tata Technologies Ltd, the first Tata Group company to go public in nearly two decades, was fully subscribed within a ......
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“Tata Tech is the only Indian firm and among a handful globally that serves automotive clients in every stage of product's life cycle from the drawing board to the showroom floor. Now as the firm is expanding into aerospace to anchor clients, the long-term perspective looks attractive for Tata Technologies also.”