In this article, we are going to talk about the Tata Technologies offer price. Tata Technologies is a very famous Indian multinational product engineering firm that provides services in engineering and design, manufacturing product development, product lifecycle management, and original equipment manufacturing. It is a subsidiary of Tata Motors. Reportedly, on Saturday evening, 25 November 2023, Tata Motors declared that its subsidiary, Tata Technologies has finalized the offer cost, including the commentator investor offer cost, for its Initial Public Offering (IPO) at ₹500 per equity share. Now thousands of people are super curious to know about the whole information about the news. In this article, we will give complete information about the news, so let’s continue the article.
The Initial Public Offering value at ₹3,042.5 crore, saw a subscription of 69.43 times on the final day of subscription on Friday, driven especially by important participation from institutional buyers. This offering focuses on engineering and product development digital services. Tata Motors stated, “Tata Technologies Ltd in consultation with book running lead managers to the IPO, has completed the offer cost, including the anchor investor offer cost at ₹500 per equity share of face value of ₹2 each”. Scroll down to the next page for more information about the news.
The public issue had a cost band of ₹475-500 per share. As Tata Technologies IPO shut on Friday, the allotment of the shares is possible on Tuesday, next week i.e. 28th November 2023, as the stock market remains closed on Saturday and Sunday. Meanwhile, the Tata Technologies IPO listing date has been most possible on 30th November 2023 i.e. Thursday next week. As per the report, the IPO amounts to ₹3,042.51 crore. This includes a sale of 4.63 crore equity shares by Tata Motors totaling ₹2,313.75 crores, a sale of 97.17 lakh equity. You are on the correct page for more information about it, so please read the complete article till the end.
Meanwhile, Alpha TC Holdings Pte Ltd, amounting to ₹485.84 crore, and a sale of 48.58 lakh equity shares by Tata Captial Growth Fund I, totaling ₹242.92 crores. It is significant to note that these figurines have been contingent upon the finalization of the basis of allotment. Tata Technologies IPO garnered offers for 312,649,1040 shares, exceeding the 450,292,207 shares on offer. Here we have shared all the information that we had if we get any information then we will update you as soon as possible. Stay connected with us for more updates.