In this article, we are going to give you the Tata Technologies IPO Live Updates. The IPO of Tata Technologies officially opened for the subscription on 22nd November 2023, Wednesday and it is going to close on 24th November 2023, Friday. Now in this article, we are going to share all the details of Tata Technologies’ live updates. This IPO was one of the most awaited IPOs in the past 20 years. Today is the day 1 of the subscription. So now read this article till the end and do not miss any single line of this article, if you want to learn every single piece of information about the IPO of Tata Technologies.
Tata Technologies IPO
The most awaited IPO of the year is Tata Technologies. Tata Technologies Limited is a global engineering services company that is owned by Tata Group Limited. The IPO subscription of Tata Technologies has been officially opened today. It is going to remain open till 24th November 2023, Friday. According to the source, the price band of Tata Technologies IPO has been fixed for Rs. 475 to Rs. 500 per equity share with a face value of Rs. 2. It has been reported that the end of the price band the Tat Technologies IPO is going to raise Rs. 3,042.51 crores. To know more scroll down to the next paragraph of this article.
The Tatat Technologies initial public offering (IPO) is an offer for sale of up to around 60,850,278 equity shares. If we look at the live update so today at around 10:18 Indian Standard Time (IST), the Tata Technologies IPO subscription status is 16%. The company IPO retail investors portion is going to be subscribed by 19% and the portion of NII has been subscribed by 39% on the other hand the Qualified Institutional Buyers (QIB) portion has been booked. And on the other hand, the portion of employees has been subscribed by 2%. Continue reading in the next paragraph of this article.
According to the information, the Tata Technologies IPO has officially received bids for 72,72,930 shares against 4,50,29,207 shares. The IPO of the company has not reserved more than 50% of the shares in the public issue for QIB it has not reserved less than 15% in NII and it has not reserved less than 35% of the offer which is reserved for the Retail Investors. The company shareholders are reserved with more than 6,085,027 equity shares. And also the portion of the employee reservation has been associated with more than 2,028,342 equity shares.