IPO News: Tata Tech IPO Bidding Closes Today, Know Key Points, How to Apply, Investment Opportunities, and More

24 Nov, 2023 Author: Ayushee Joshi

Tata Tech IPO: Tata Technologies has finally opened its IPO for subscription after almost two decades. The IPO subscription began on November 22, 2023, and the bidding closes today. The tentative IPO allotment date is November 27, 2023, with the planned listing date of November 29, 2023. The Tata Technologies IPO price band is Rs 475 to Rs 500 per share, with the company aiming to raise Rs 3,042.51 crore through this offer for sale (OFS).

Record-Breaking Subscription Within Seconds

The Tata Technologies IPO set a record for attracting the most applications on its issuance among private sector corporations. Tata Technologies IPO has surpassed large private companies such as Zomato, Reliance Power, Nykaa, and others, with 50.6 lakh applications received on only the second day of its issuance. According to the BSE, bids for the Tata Technologies IPO totaled 90,53,98,830 shares, with 4,50,29,207 shares on offer. Applicants for the Tata Technologies IPO must apply in lots of 30, with each lot containing 30 company shares. Retail investors interested in participating must deposit a minimum of Rs 15,000 (Rs 500 x 30) to get a share in this much-anticipated public offering.