These companies will break a jinx of sorts seen during the December preceding a General Election year
The maiden public issue will conclude on December 20 and the one-day bidding for the anchor investors will open on December 15, according to the red herring prospectus (RHP)
Overall, the Indian IPO market witnessed more than 44 issues that collected around Rs 35,000 crore in the current fiscal FY24 (till November)
The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters
However, newly listed shares come off highs as caution sets in
The global ER&D player registers best listing-day performance for an IPO of over Rs 500 crore
For the quarter ended June 2023, Gandhar had posted a profit of Rs 54.3 crore on revenues of Rs 1,070 crore
Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled
Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30
Tata Technologies IPO subscription: It was subscribed 69.43 times as of the final day of subscription on November 24, driven by high participation from institutional buyers
This week, five companies, including Tata Technologies, came out with their Initial Public Offerings (IPOs) that garnered a record Rs 2.6 trillion in application amount
The Chennai-headquartered company expects to raise Rs 500 crore through its Initial Public Offering by June-July 2024
IPO garnered bids worth Rs 1.56 trillion
The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday
This is the first company from the Tata Group to float an initial public offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004
IREDA has set the price band for its IPO between Rs 30 and Rs 32 per share
The IPO received bids for 3,13,20,310 shares against 1,44,13,188 shares on offer, according to data available with the NSE
The Rs 3,042.5 crore IPO received bid for 8,73,22,890 shares against 4,50,29,207 shares on offer, translating into 1.94 times subscription as per NSE data till 11:21 hrs
The Tata Technologies Ltd IPO includes a reserved 10 per cent quota for Tata Motors shareholders
The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24