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Tata Technologies IPO is just a few days away and the much-awaited primary offering by the Tata Groups has reservation for as many as five categories.
Tata Tech IPO offer gives investors an opportunity to invest in a leading global engineering services company with deep expertise in the automation industry focused on engineering research and development, Prashanth Tapse, Research Analyst, Senior Vice President Research at Mehta Equities said.
The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.
The much-awaited Tata Technologies IPO will open for subscription on November 22, with a price band of Rs 475-500 per share. It is planning to raise Rs 3,042.51 crore via issue of over six crore equity shares at the upper price band.
India Business News: Indian shares closed lower on Monday, with losses in auto and financial stocks weighing down the market. The NSE Nifty 50 index and the S&P BSE Sensex