Tata Technologies IPO: Expected launch date, price band
Tata Technologies IPO: It is after 19 years that a Tata Group company is going to list at the stock market.
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Tata Technologies IPO: It is after 19 years that a Tata Group company is going to list at the stock market.
Ideaforge Technology has turned out to be the first IPO to get subscriptions more than 100 times in 18 months. Qualified institutional investors (QIIs) were at the forefront as their reserved portion was booked 125.81 times. The drone maker may be enjoying the first-mover advantage from the drone-making industry, said experts.
Multibagger stock: Tata Motors stock hit an all-time high of Rs 589.15 in the current session against the previous close of Rs 573.05 on BSE. The auto stock has surged 48% this year and has zoomed 478% in three years.
Tata Technologies IPO: Upon listing, Tata Technologies will join other 28 listed Tata group companies that command a combined market capitalisation of Rs 22.23 lakh crore as on Monday's closing.
Tata Tech had filed IPO papers with Sebi in March. The issue is completely an offer for sale (OFS), under which the selling shareholders will offload up to 9.57 crore units representing 23.60% of its paid-up share capital.