Published on : 22 November 2023, 7:29 am
Tata Technologies IPO: The IPO of Tata Group, which entered the market after almost 20 years, is getting a great response from investors. Tata Technologies’ IPO opened at 10 am and was fully booked in just over an hour. Tata Tech had invited bids for 60,850,278 shares under the IPO and by 10.48 am, an hour before opening, bids for 6,04,26,120 shares were received.
Tata Tech IPO has fixed the price band at Rs 475-500 per equity share. The lot size under the IPO is 30 shares and depending on the price band, investors have to invest a minimum of Rs 15,000 per lot. The company’s shares may be listed on the stock market on December 5, 2023.
IPO of Tata Technologies
IPO Date: 22nd to 24th November
Price Band: Rs 475-500/share
Issue Size: Rs 3042.5 crore
Lot Size: 30 shares
Minimum Investment: Rs 15,000
What do experts think about IPO?
Arun Kejriwal, founder of Kejriwal Research says, “Tata Technologies Limited is a leader in the EV segment. The company has helped many companies globally in the EV segment. In the last financial year (March 23), the company had accumulated a revenue of Rs 4414 crore. Experts are expressing the opinion that this IPO should be subscribed.
By many experts Tata TechnologyIt is advised to invest in its IPO. He says that the performance of the company will be excellent in future. According to several reports, Tata Technologies is now planning to expand into the aerospace sector. In such a situation, the growth of the company is expected.
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