The Tata Technologies IPO started on November 22, 2023, and ended on November 24, 2023. Shares were allocated on November 30, 2023, and refund processes began on December 1, 2023. On December 4, 2023, the shares were credited to investors demat accounts. Tata Technologies was officially listed on the stock exchange on December 5, 2023.
During the IPO, Tata Technologies offered shares at a price range of ₹475 to ₹500 per share, and the lot size was 30 shares. The total issue size was ₹3,042.51 crores, with ₹3,042.51 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Tata Technologies IPO Subscription Update Video
Tata Technologies IPO Subscription Status
The Tata Technologies IPO on November 24, 2023 was subscribed 69.43 times, with the retail category being subscribed 16.50 times, the NII (Non-Institutional Investor) category being subscribed 62.11 times, the QIB (Qualified-Institutional Buyers) category being subscribed 203.41 times.
| Category | Subscription |
| QIB | 203.41x |
| NII | 62.11x |
| Retail | 16.50x |
| Employee | 3.70x |
| Others | 29.20x |
| Total | 69.43x |
Tata Tech IPO Basic Details
| Company Name | Tata Technologies Limited |
| Domain of Company | Global Engineering Services Company |
| Tata Technologies IPO GMP Today | ₹351 |
| Tata Technologies IPO Listing Gain | 70.20% |
| Tata Technologies IPO Open Date | November 22, 2023 |
| Tata Technologies IPO Close Date | November 24, 2023 |
| Tata Technologies IPO Allotment Date | November 30, 2023 |
| Tata Technologies IPO Listing Date | December 5, 2023 |
| Face Value | ₹2 per share |
| Price | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Issue Size | 60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Tata Motors Limited |
About Tata Technologies Limited
Tata Technologies Limited started in 1994 and has become a top global engineering services company. They specialize in creating and improving products through development and digital solutions. This includes providing complete solutions to big companies that make original products and their main suppliers.
Tata Technologies aims to help their customers by making products that are safer, cleaner, and better for people’s lives. They have a lot of knowledge in the automotive industry and use that to serve clients in other industries like aerospace, transportation, and heavy construction machinery.
Tata Technologies operates all around the world. They bring together teams with different skills from different parts of the world to work together in real time and solve difficult engineering problems.
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Tata Technologies IPO FAQs
What is the start and end date of Tata Technologies IPO Subscription?
The Tata Technologies IPO started on November 22, 2023, and ended on November 24, 2023.
When does Tata Technologies IPO Subscription open?
The Tata Technologies IPO open on November 22, 2023.
When does Tata Technologies IPO Subscription close?
The Tata Technologies IPO Close on November 24, 2023.
What is the allotment date of Tata Technologies IPO?
The allotment date for Tata Technologies IPO is November 30, 2023.
When is the initial refund date of Tata Technologies IPO?
The initial Refund date for Tata Technologies IPO is December 1, 2023.
When were the shares credited to investors demat accounts for the Tata Technologies IPO?
The shares for the Tata Technologies IPO were credited to investors demat accounts on December 4, 2023.
When will Tata Technologies IPO be listed on the stock market?
Tata Technologies IPO stock market will be listed on December 5, 2023 at 10 am.
What was the price range of the Tata Technologies IPO shares?
The Tata Technologies IPO shares were offered at a price range of ₹475 to ₹500 per share.
What was the lot size for the Tata Technologies IPO shares?
The lot size for the Tata Technologies IPO shares was 30 shares.
What was the total issue size of the Tata Technologies IPO?
The total issue size of the Tata Technologies IPO was ₹3,042.51 crores.
How were the shares allocated among different types of investors for the Tata Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Tata Technologies IPO listed?
The Tata Technologies IPO was listed on both the NSE and BSE.
What is the Tata Technologies IPO Subscription Status?
Tata Technologies IPO is subscribed 69.43 Times.
