The moment we have all been waiting for is finally here! @TataTech_News is now listed on the Indian stock exchanges. #ThisIsTata #TataTechnologies #TataTechnologiesIPO #TataTechIPO #BSE pic.twitter.com/sleGzWkaGM
— Tata Group (@TataCompanies) November 30, 2023
Brief by Shorts91 Newsdesk / 07:06am on 30 Nov 2023,Thursday Business
Shares of Tata Technologies made a stellar stock market debut on Tuesday, surging as much as 180% over the IPO price to Rs 1,400 per share. The IPO was fully subscribed within 36 minutes and saw overall bidding of 69 times led by huge institutional interest. The strong listing gains underline robust demand for the first Tata Group IPO since TCS in 2004. Tata Motors-promoted Tata Technologies provides engineering services to auto firms and is seen benefiting from the industry's electric and autonomous transition. It raised Rs 791 crore from anchor investors including marquee foreign and domestic institutions ahead of the IPO. The blockbuster opening represents the best IPO listing in 2022 so far.
