Again a bomb from TATA has exploded in the stock market. Tata Technologies entered the stock market on November 30, 2023.
Tata Technologies Limited has recently concluded its initial public offerings or IPO, turning out to be the hot topic of the stock market with an incredible book-built issue of Rs. 3,042.51 crore. The latest Tata IPO, coming up with an offer for sale comprising 6.09 crore shares, unlocked an active bidding period from November 22, 2023, to November 24, 2023.
Here is everything you need to know about the new branch of Tata making its stock market debut. This in-depth analysis will reveal the key details, bidding dates, lot size, and more of Tata Technologies.
Tata Technologies IPO Timeline
Here are all the important timelines of Tata Technologies IPO:
- Bidding Periods: The Tata Technologies IPO bidding phase kick-started on November 22, 2023, and wrapped up on November 28, 2023.
- Allotment Date: Allocation of the shares of Tata Technologies was finalized on Tuesday, November 28, 2023.
- Listing Date: The Tata Technologies shares were officially listed on the stock market on November 30, 2023.
Tata Technologies Share Price Live
Tata Technologies made a bombastic debut on November 30, 2023. The stock ended the listing day with an amazing rally till Rs. 1,327 on NSE, an incredible 165.4 percent premium to the IPO price of ₹500, and at ₹1,326.25 on BSE, an amazing 165.25 percent premium.
Tata Group’s first initial public offering in approximately 20 years was subscribed over 69 times by the final day of bidding. Finally, after a humongous listing, Tata Technologies is currently shining around the Rs. 1200 mark.
Tata Technologies Limited Price Band & Lot Size
- Price Band: Tata Technologies IPO was priced in the range of Rs. 476 to Rs. 500 per share.
- Lot Size: The minimum lot size of Tata Technologies IPO was set at 30.
- Minimum Retail Investor’s Investment: Retail investors were required to make an investment of at least Rs. 15,000 to enter the IPO race.
- Lot Size for sNII & bNII: For non-institutional investors, the lot size for sNII was set at 14 lots (420 shares), summing up to ₹210,000, while for bNII, the size was 67 lots (2,010 shares), amounting to ₹1,005,000.
About Tata Technologies
Established in 1994, Tata Technologies Limited is a key provider of product development and digital solutions to Original Equipment Manufacturers and Tier-1 suppliers. Operating in two core business verticals, namely services and technology solutions, the company has a global presence with 19 delivery centers as of September 2023.
Should You Buy Tata Technologies Share Now?
As per the claims of Mehta equities expert, the business model of Tata Technologies will be in high demand in the upcoming days. Given the growth potential in outsourcing, the share price will soon touch the skies. Experts recommend booking half of the profits over Rs. 1400 and holding the remaining for the long term.
