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
Tata Motors is looking at a strong second half (H2FY24E) and beyond due to improvements in all 3 business verticals.
The benchmark S&P BSE Sensex and the National Stock Exchange Nifty have logged a fourth straight week of gains
IPO garnered bids worth Rs 1.56 trillion
Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). 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, driven by remarkable participation from institutional buyers. "...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing. The public issue had a price band of Rs 475-500 per share. Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to
The Rs 3,042.5 crore initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. 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. The initial share sale received bids for 3,12,64,91,040 shares against 4,50,29,207 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) was subscribed a mammoth 203.41 times, while the part meant for non-institutional investors attracted 62.11 times subscription. The quota for retail individual investors (RIIs) was subscribed 16.50 times. The IPO of Tata Technologies was fully subscribed within minutes of opening for bidding on Wednesday. Tata Technologies, an arm of Tata Motors, on Tuesday said it has collected
Closing Bell on Friday, November 24: 8 of 10 Adani Group stocks surged as Sebi presented its findings in the Adani-Hindenburg case
IREDA has set the price band for its IPO between Rs 30 and Rs 32 per share
Some believe the secondary market performance could be subdued in the immediate term as the five IPOs are expected to block liquidity until mid next week
Closing Bell on Wednesday, November 22, 2023: The BSE MidCap index gained 0.3 per cent, while the SmallCap slipped 0.6 per cent. Tata Tech and Gandhar Oil IPOs received strong response on Day 1.
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Flair Writing Industries was also off to a decent start, while FedBank Financial Services witnessed sedate demand so far.
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
Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500
The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively. The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India. Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed. Before this, three firms -- ASK Automotive, Protean eGov Technologies, and ESAF Small Finance Bank -- launched their public issues earlier this month. Further, IPOs of Honasa Consumer, which owns FMCG brands Mamaearth, and household products and stationery manufacturer Cello World concluded in the first week of the month. V Prashant Rao, Director & Head-ECM, Investment Banking at Anand Rathi Advisors, attributed several factors to the hectic IPO ...
The anchor book will open on November 21, the issue will open for public subscription on November 22, and the case will close on November 24
Apart from its anchor clients Tata Motors and Jaguar Land Rover, the company served other global biggies such as Airbus, Ford, McLaren, Honda, and Cooper Standard
Analysts have a positive view on Tata Motors primarily tracking guidance of record profitability and cash flow generation at JLR for FY24E, strong intent to become net debt free (auto) by FY25E.