Finally, the Tata Technologies IPO opens today. Yes, this is true, the IPO of Tata Technologies opened on Wednesday, 22 November 2023. This is the first issue by Tata. Now in this article, we are going to learn why Tata has issued its first IPO in 20 years which has gripped the pulse on D-Street. Today, the IPO of Tata Technologies is ending the agony of the long wait for the investors and analysts. The company IPO has set a good buzz in the great market. Our sources have analyzed some things winning the market right now and they have shared the information about the Tata Technologies IPO. So to know about all the information, read this article till the last.
Tata Technologies IPO Opens Today
The market was in the wait for the Tata Technologies IPO and now it is finally here. This is the first use by the Tata after approximately 20 years. The Tata Technologies Initial Public Offering (IPO) has been officially opened for subscription on 22nd November 2023, Wednesday. It has been reported that Tata Consultancy Services (TCS) was the last Initial public offering from the Tata group which was officially listed on the bourses in the year 2004. Scroll down to learn more about it.
The weight for the Tata Technologies IPO has gone offered today, which is very great news. Tata Technologies IPO has already had a very great buss in the primary market. It has been claimed that the global engineering and information technology (IT() services company has grabbed the attention in the highest grey market premium from the five mainboard IPOs that are going to be launched this week. The company IPO has already garnered around Rs. 791 crores from a total of 67 investors by the anchor book on 21st November 2023. The company is currently focused on the automobile industry as it is a subsidiary of Tata Motors which is a manufacturing and focused Engineering Research and development company.
The investment corporation of Tata is the biggest promoter group entry of Tata Motors. It owns owning 0.33% stake as of 30th September 2023. The experts of the market have remained unbeaten in the public issue which is a great positive outlook on its subscription. It has also showcased a little bit of business risks. Tata Technologies plans to raise around Rs. 3,042.51 crores from the Initial public offering as it is entirely an offer for sale of a total of 6.09 crore equity shares through the investors and also through the promoters. Because of that analysts are positive on the subscription of Tata Technologies IPO.