Tata Technologies IPO, Tata Technologies IPO price band: The much-anticipated initial public offer (IPO) of Tata Technologies, the first Tata group issue in nearly two decades, opened for subscription on November 22. The board of Tata Technologies has set a price band of Rs 475-500 per share for the IPO. The subscription window for the IPO of Tata Technologies, a subsidiary of Tata Motors, was available from 10 am to 5 pm for three trading days, till November 24.

Tata Technologies subscription status

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On Friday (Day 3), Tata Technologies' share sale received bids for 3,12,64,92,240 shares against 4,50,29,207 shares on offer. Overall, the public issue has been subscribed 69.43 times on the third of the bidding process.

Category Subscription (No. of times the equity reserved)
Qualified institutional buyers  203.41
Non-institutional investors 62.11
Retail investors 16.50
Overall 69.43
Source: Exchange data

Tata Technologies IPO reviews: Should you apply for the Tata Technologies IPO? Here's what market wizard Anil Singhvi suggests

Zee Business Managing Editor Anil Singhvi recommends applying for the Tata Technologies IPO for big listing gains and long-term. He listed out the following positives and negatives:

Positives:

  • Strong and experienced promoters
  • Deep relationship with clients across Globe
  • Strong digital and technology skills
  • Debt free company with strong cash flow
  • Impressive financial track record
  • Strong growth prospects
  • Very attractive valuations
  • Stock may double very soon

Negatives:

  • One third business from Tata group
  • Few group companies operate in similar kind of business

Here are some of the key things to know about the Tata Technologies

Tata Technologies IPO allotment date

The basis of the allotment of shares, under the Tata group IPO, is set to be finalised on November 28.

Tata Technologies IPO listing date

Tata Technologies shares are likely to be listed on BSE and NSE tentatively on December 1.

Tata Technologies IPO lot size and issue price

Potential investors will be able to bid for Tata Technologies shares under the IPO at Rs 475-500 apiece in multiples of 30 equity shares, translating to Rs 14,250- 15,000 per lot. 

Read more on Tata Technologies IPO, first Tata group IPO in 19 years 

Tata Technologies IPO: Book-running lead managers, registrar

JM Financial Ltd, Citigroup Global Markets India and BofA Securities India are the book running lead managers, and Link Intime India Pvt Ltd is the registrar for the IPO.

What does Tata Technologies do?

Tata Technologies offers product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their Tier 1 suppliers.

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