Tata Groups's First IPO Held After Nearly 20 Years

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Initial Public Offering (IPO)

IPO of Tata Group: approximately after 18 or 19 years, the company is seen entering the market through an IPO—a company in 2004. I got to see the IPO of TCS, and TCS has given multi-bagger returns since 2004. We are going to see another big IPO coming, and it is in the same category.

Tata technology details

The IPO will be held from November 22nd to November 24th, 2023. It lasts only for three days. The face value is ₹2. Most importantly, the price band has been revealed. It has come from ₹470 to ₹500 per share. If we talk about a lot prizes, we can see them here for 30 shares. The total issue size will be 3042.51 crores, and the offer for sale will be 3042.51 crores. It is going to be listed at both NSE and BSE. QIB shares will not exceed 50%. GMP is nearly 298.

About Tata Technology Limited

Tata Group's IPO 2023

IPO

November 22, 2023 To Nov 24, 2023
Face value
₹2 per share
Price band
₹475 to ₹500 per share
Lot size
30 shares
Total issue size
60,850,278 shares (aggregating up to ₹3, 042.51 crores)
Offer for sale
60,850,278 shares of ₹2 (aggregating up to ₹3, 042.51)
Issue type
Book built issue IPO
Listing at
BSE, NSE
Share holding per issue
405,668,530

This company was founded in 1994 and is the leading global engineering services company. We got to see its business related to technology. It provides many digital solutions. Tata Technology aspires to create value for its customers by assisting them in the development of products that are safer, and cleaner, and improve the quality of life for the end customer.

The objects of the offers are:

  1. To achieve the listing of quantity shares on the stock exchanges.
  2. Carry out the offer for the sale of 95,708,984 quantity shares by selling shareholders.

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